"Daily Market Analysis – BTC Looking at the larger trend, the price faced initial resistance after entering the 88,000 zone. The smaller bullish structure hasn’t exhausted yet, but there’s still some room before hitting the support below. The key focus for today’s trading strategy is to wait for the smaller timeframe to make a second new high, then sell at the top when divergence occurs; or wait for a breakout and go long near the established support below. Detailed thoughts are as follows: From the daily and higher timeframes, the price has reached the resistance zone around 88,000, which has been emphasized previously. On closer inspection, the candlestick pattern hasn’t exhausted but hasn’t broken through either. For this timeframe, the recent movement is mainly characterized by new consolidation and small-scale spikes (spikes may trigger structural divergence, leading to unsustainable growth). On smaller timeframes, the main risk over the next 2-3 days is a potential pullback after divergence at the top. From the 4H mid-term trend perspective, the market formed a golden cross pattern in early July, followed by a rally in mid-to-late August that confirmed the pattern. This month’s mid-to-late rally has ended the bearish trend that started after the December 2022 high of 126,000. In other words, both the mid-term and short-term structures are now in a bullish trend, although the daily bearish trend hasn’t been fully resolved yet. Similarly, the daily chart now shows a potential “golden pit” pattern that could end the downtrend. If the right shoulder of the golden pit aligns with the daily golden cross pattern, the daily chart could see a rally similar to the 4H timeframe. (Details in the chart) From the 1H and lower timeframes, this is the consolidation phase after yesterday’s rally, where short-term bullish momentum has slowed. Further upward movement will require structural buildup or external catalysts. However, based on the existing structure, whether viewed from the 4H mid-term bullish trend or the internal moving average patterns, the lower support for bulls remains intact, so there’s no need to worry too much about a destructive pullback. The ideal trading strategy for this timeframe is to wait for the 30-minute chart to develop, then sell at the top during the second spike, considering the larger resistance and divergence at this level. Although internal support remains, the nearby points don’t offer much room for operation (active traders can monitor closely). For lower-risk long positions, it’s better to wait for a spatial pullback before entering. Reference points are as follows: Short-term support: 84,190–83,140 (small range points, quick in-and-out with a 1:2 risk/reward ratio). Second support: 82,429–80,010 (buy the dip during sharp declines). Short-term resistance: 88,454–90,913 (use smaller timeframe divergence for selling). Second resistance: 93,004–94,610 (this zone has dense resistance; deeper points to watch are 96,448–96,818 for sharp spikes). Note: Current bullish defense at 84,960 remains intact. $BTC