Daily Market Analysis——BTC

The discussion regarding BTC's medium to long-term structure and trends was comprehensively reviewed and mentioned in the midday video. From the perspective of current price action, the medium to long-term structure is generally in a breakdown state, with internal structure also showing bearish momentum.

Against this backdrop, upside expectations are minimal. On the downside, we need to be vigilant about the third wave of decline on the daily chart. Therefore, here are several model price levels for reference:

Short-term Support: 64722-63510 (Long-term perspective, trade short-term; enter on gradual declines)
Second Support: 60610-58311 (Monitor closely for quick entries and exits; exercise caution on sharp declines)
Short-term Resistance is at the current level, mainly watch for pullback declines after 4H breaks below MA250. Second Resistance: 71037-72657.

After the third wave of decline, consolidation upper band estimated at 54100-57989 (Scalp), lower band reference 49422-44718 (Pending).

Note: It's fine if you can't catch recent trades, but don't chase. If there's significant volatility from news, directly reference the second price level (or above). #BTC