Daily Market Analysis — BTC Previously, Sugar Bro mentioned: All major structures across different levels are in a bearish arrangement or in a rebound after a breakdown. The main direction is focused on a pullback. After the price surged to the resistance zone, it quickly fell back, aligning with expectations, and this trend is still ongoing. Looking at the larger trend, the candlestick chart is in a bearish environment, pressured downward on the bearish side. However, near the previous low, there is support formed by the accumulation of earlier chips, presenting an overall triangular convergence pattern. The upper and lower boundaries of the large-scale triangular convergence can be used as support and resistance levels in smaller timeframes. After leaving these boundaries, reverse operations can be planned accordingly. From the mid-to-short-term perspective, the bearish structure is still continuing. However, since the rally at the beginning of the month, the small-scale support formed has gradually disintegrated, and the price's center of gravity has started to shift downward. In the past few days, be cautious of small-scale breakdowns leading to a rapid decline phase (refer to 1H MA250 for guidance). Before a major or rapid drop occurs in smaller timeframes, there are few safe trading opportunities. However, there are still some localized support levels. For those who actively monitor the market, I can provide a few potential support zones for reference. Handle them on your own. For those who don’t monitor the market, simply place orders below the current price. Monitoring points: 61500-61242, 60810-60523 — Both sets of data are quick in-and-out points on the 5–15 minute timeframe. Experienced traders can monitor these points for reference. Newbies are not recommended to try this. Short-term support: 60069-59484 (for quick rebounds during sharp drops) Second support: 58520-56250 (for gradual declines, can be split; sharp drops use a 1:2 ratio) Short-term resistance: 64051-64599 Mid-term resistance: 66784-68435 $BTC