Daily Market Interpretation - BTC 05/29 The previous text pointed out the trend of the market falling first and then rising. Short term support did not achieve profitability, only breakeven. The second support 1069 (lowest 1068) perfectly captured the low point and rebounded. The current structure is unfavorable for multiple armies, and we still need to be cautious of downward trends within the day. From the weekly trend, the overall structure is in a bullish trend, and short-term fluctuations are not likely to lead to confirmation of bull bear conversion. However, the trend is sluggish. If you wait for the structure to reverse before selling, it may already be too late. Currently, the price has been rising for 7 consecutive weeks, and there is a high probability of a turning point this week, so we have to be cautious. Just like driving towards a mountaintop, when the vehicle is about to arrive, the road meets the sky, and we cannot see whether the mountaintop is flat or directly downhill. Just like BTC today, we can only confirm that it is a highly probable periodic peak, but cannot assert whether it is a oscillation or a decline, or whether it encounters a high mountain after driving a certain distance on a flat mountaintop. From the range of 4H to the daily line, each level shows a high-level consolidation in the bullish trend. Although this trend is within the bullish trend, it has no practical operational value. It is necessary to be cautious of the breaking trend of small levels that will be transmitted to the current level after layer by layer breaking. It is only recommended to make a candlestick move downwards and leave the original operating range, reaching a low long after support. Other actions do not need to be rushed. In the 15 minute to 1H level trend, yesterday there was a warning of the risk of a first decline after breaking the 15 minute and 30 minute levels. Today, the hourly line has also broken the level, and in the past two days, we need to be cautious of a larger range of rapid downward trends than yesterday. Summary: In the trend from 4H to the weekly line, although the price is in the bullish trend, the super high market in the bullish trend is also a game played by the shrimp, and it is difficult to stir up too many waves. The main approach is to treat it as not rising or partially falling back; In levels below 1H, prices have successively broken through and lost ground, which has a contagious nature and is easily transmitted to levels above 4H. The upward recovery is just a return to short-term fluctuations, and the strategy after the downward break is as follows: if the 1H break is above the support level of 4H, it will rebound within the support level above the daily line, and so on, until the major level begins to show new directions. Short term support: 106245~105693~103195 (1:1:2, watch the market for fast in and fast out; the first two levels of slow decline can enter, sudden decline cannot enter, only done once), second support: 100074~98920 (low probability level), short-term suppression: 109032~109852 (breakthrough retracement can enter and fast out), BTC