Daily Market Interpretation - BTC BTC rose to the resistance point of 73559 before falling back, and after reaching the radical support of 70780, there was a partial rebound. The article points were bullish and bearish, and the trend was in line with expectations. Our view on the trend of BTC over the past two months has always been firm and clear. This is the second downward sideways trend in the daily bearish trend, with some areas experiencing a pullback after reaching the downward trend line within the sideways trend. So the relatively safe operating mode at a large level is the horizontal downward trend of price reaching and breaking levels, as well as the reverse direction of touching the control line 75180 area; As for the lower levels, just focus on the long and short ones. From the trend of daily and above levels, last week's news has driven up prices, and we have also experienced multiple high and low points in local bands. However, regarding the nature of this rise, Tang Ge made it clear two weeks ago that an upward trend will only prolong the time for sideways consolidation, but due to the presence of bearish trend suppression, it will not directly change the direction of the trend. This view remains unchanged (details to be reviewed). But it is precisely because of this upward trend that if the daily chart breaks again, the selling pressure it brings will only be greater and faster. On the daily chart, whether there is an "M top" or a "tower bottom", it is only a similar structure, but the essence is still a conventional fluctuation within the sideways trend. Pay attention to distinguishing the relationship between "short-term structure" and "long-term bearish trend", and determine the direction accordingly, with a focus on small-scale trends following large-scale trends. Having said so much, what I want to express is that at this stage, the bearish structure may really turn downwards, but the high points that can be expressed by the bullish structure are generally within the 2000U range above and below the control level. In terms of the trend from 4H to 12H, the basic view is the same as the daily line, but due to the more abundant number of K-lines, there is more information that can be prompted. The current situation at this level is that the price drops and breaks below the low-level retracement point, and the upward movement does not directly participate. The space for adjacent support to rebound below is also limited, mainly waiting for the reversal after the exit segment occurs. From the trend of 1H and below, it can be seen that the price's decline after deviating from the resistance point mentioned earlier is still ongoing, and there are multiple breaks along the way, so it is necessary to further reserve a downward trend. Summary: The overall trend is still the second downward sideways trend in the daily bearish trend, and small-scale analysis cannot deviate from this basic principle. Daily location: Short term resistance 717-72042 Short term selling pressure 73266-73800 Radical support 70388-69340 (1:2 watch the market fast in and out) Short term support 68315-67061 (small level sharp drop for rebound) Look long and do short 65205-64275 Note: It is not difficult to predict the trend of a volatile market, but there are many possibilities, and expressing them in words can be cumbersome. Keep an eye on the market by yourself. BTC ----------------------------------------------- The following are long-term reserved points for responding to sudden trends, Upon arrival, make a self judgment based on the form: Form suppression 75180-76696 High level reverse selling pressure 79582-82900 (the higher the probability, the smaller the probability, but the greater the active selling pressure, and the super positive pin selling pressure 90930), do not actively engage in upward game. The first support is 60721-57778 (1:2), the second support is 56360-54717, and the third support is 43224-39413. These are not existing range points, but idle money can be held for several weeks to six months.