Daily Market Analysis – BTC Regarding the overall trend of BTC, from a rigorous perspective, it is currently in a downward consolidation phase following the right shoulder of a golden cross on the daily chart. The historical resistance from trapped investors above remains, but the support formed by the right shoulder of the golden cross below has also materialized. Currently, it's a struggle between the bullish counterattack after the price broke below 60,000 and the stubborn historical trapped investors. The bulls' expectations are strong, but the outcome is still undecided. Overall, the previous downtrend has ended. Historically, prices are more likely to develop into uptrend structures, but we still need to respect the existing objective structure to determine specific trading details. From the daily chart, the overall structure is downward consolidation, with a third downward consolidation phase already formed, accompanied by a breakout. From a single breakdown perspective, this decline is unlikely to stop in the short term; the retracement is not yet complete, and further declines should be anticipated. Looking at the overall trend, a fourth dip after a standard three-day consolidation could present a buying opportunity, but this type of consolidation, with only a downward shift in the center of gravity, is unlikely to offer such an opportunity. However, the fourth dip could also present a short-term rebound opportunity. We'll decide based on the strength of this rebound. Since I'll be resting in a couple of days, let me elaborate: If the 4-hour chart retraces to today's short-term support and the rebound is strong enough to recover the MA30, then consider buying on the retracement to bet on a new upward move. However, if the price breaks below the lower boundary of the short-term support (falling below approximately 3%, or below the 12-hour moving average), be wary of a sharp price drop. From the 1-hour and lower timeframes, the price action after consecutive declines is inevitably bearish on smaller timeframes. The break below 80500 after repeated fluctuations further strengthens the short-term downward pressure. Don't expect much of a rebound; focus on guarding against further declines. Summary: The overall outlook is not bearish; the current pullback is generally within a healthy range. Be wary of potential profit erosion in the short term. The subsequent decline is a technical "bull market pullback," which can be viewed positively. Short-term support: 78633-78333 (monitor closely; consider buying on a slow decline) Second support: 75840-74268 (buy on a sharp drop for a rebound) Short-term resistance is within the current price range; be wary of a second decline, and avoid chasing rallies. Further resistance levels to watch: 81359-81757