Daily Market Review——BTC (Detailed Weekend Edition)

Choppy market conditions always tend to make traders lower their guard, but as time goes on, after the consolidation structure enters its final phase, it often delivers an unexpected painful blow to traders who disrespect the trend.

To prevent this, you simply need to clarify the distinction between trend and direction in "going against the current."

From the daily chart perspective, price is on the bearish side within a downtrend. All current price fluctuations are contained within the upper and lower bands of the second daily pullback consolidation. Any rallies within this consolidation belong to counter-trend directional increases. The range may extend, but it won't directly alter the downward trend. Not chasing rallies is basic protocol.

Key risk to watch: potential sharp drops triggered when price reaches the current upper band and after hitting the main control line at 75180 (this sharp drop is difficult to observe in advance on the daily chart; focus on layer-by-layer breakdown after divergence forms on the 15-minute level).

From 4H to 12H timeframe, within the consolidation, multi-level recovery against MA30 exists to varying degrees, even small cycle moving averages show some convergence. However, due to lack of space opened by large bullish candles, these moving averages' support strength and corresponding operation space are insufficient.

Even if large bullish candles appear, upside trend resistance and divergence generated after the rally on this level, will determine that height produced with the main control line as the base point is limited.

Therefore, from this angle, the medium-term lower-risk approach is to wait for price to reach the control line, then sequentially execute low long positions by retesting this level's MA30.

From 1H and below levels, after the morning price surge, the bullish alignment shown in the moving average system remains intact, with local opportunities to push higher. However, after pushing higher, watch for divergence formation on the 15-minute level.

Summary: The current market remains a game between large-level trend suppression and small-level support. Undoubtedly, small-level support must yield to large-level suppression. What we can do is, after small levels form an attack structure, play the limited space between reaching large-level resistance. Bulls should focus on quick entries and quick exits; don't overextend.

Aggressive entry: Current price 71740-71520 entry, stop loss 71400 (1H body close), take profit on strength.

Short-term support 69615～69198, second support 60198～58290
Short-term resistance 72885～73420, second resistance 75180～76290
Chart watching swing trade reference points: 70980, 68230, 65940; independent levels, don't set orders in advance. #BTC