Daily Market Interpretation——
$BTC Last night, after the upward space of BTC and ETH was closed, Tang Ge indicated that short-term levels should not be participated in, successfully avoiding the nighttime decline.
From the daily and weekly trends, the market, after a feint above the <main control line> 94150, returned to the original downward continuation structure, making the expectation of a significant rise in the short term nonexistent. On the contrary, attention should be paid to the secondary decline risk after the pullback at various levels.
From the 4H to 12H trends, after six consecutive days of decline, the price has not formed an effective stop or bottom structure, but has broken through the support in the form of a large bearish candle, causing the market's operational center of gravity to shift downwards, entering a new downward range. It is important to guard against secondary declines after horizontal consolidation or pullbacks at the key level, and the original lower limit orders of the daily range remain unchanged.
From the 1H and lower levels, after a significant drop, the emergence of a local pullback is a normal phenomenon, but this pullback within the bearish aligned moving average system has limited expected space and sustainability, primarily guarding against falls after slight rises. Therefore, chasing highs is not advisable; only high selling should be reserved. As for the buying points of the local life line strategy, technically they may fit, but the pullback space that can be provided is not large, currently serving only to delay the decline, so do not participate excessively.
Summary: Large levels are breaking down again, while small levels have a concentrated bearish structure. Pay attention to initial declines, and focus on levels after a significant downward segment of high-level orders appears in the next few days.
Short-term resistance is in the area of 90180~90883 (mainly observing whether this area will form a subsequent daily horizontal high), and the main selling pressure area for small levels is referenced at 90883~91490 (potential pin, do not speculate).
Short-term support is at 85630~83980 (monitor for quick trades), and subsequent orders should be placed around previous lows of 81520 and the main control line area of 77530~75180 without retraction. Additionally, I have been keeping an eye on a project called synbo, everyone should rush
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