The "downtrend continuation" structure on the BTC daily chart is still ongoing. All our current operations are based on this structure combined with the "main control line" and the "lower boundary of the downward channel" within the region (see detailed chart). Therefore, the rebound is narrow, and the trend is rapid. At the same time, as the daily downtrend continuation structure persists, we need to be cautious of a new downward move on the daily chart in the overall direction. From this perspective, partial rebounds should not be chased, and if the price has not effectively broken through the upper boundary of the downtrend continuation structure, no breakout trades should be made. Any upward movement within the region should be reserved for high-profit exits. A relatively safe buying strategy is naturally to consider the relationship among the three factors above, participating during price pullbacks. Suggested entry points are as follows: Aggressive support at 85990~85630, quick in and out (valid for about 4 hours), short-term support at 83540~82650, and secondary supports at 79030~77346~75180 (1:1:2 ratio, can be split into trades). Current resistance is in this region, formed by narrow-range oscillation, so its reference value is limited. Upward resistance zones are around 92369~94150, with the second resistance still near the 100,000 level. For details, see previous posts. There are many other levels that could be analyzed if breaking down the chart, but this post only updates more conservative levels. Please refer to it rationally, stay alert, and base your actions on actual market movements.
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Daily Market Analysis — BTC
The "downtrend continuation" structure on the BTC daily chart is still ongoing. All our current operations are based on this structure combined with the "main control line" and the "lower boundary of the downward channel" within the region (see detailed chart). Therefore, the rebound is narrow, and the trend is rapid.
At the same time, as the daily downtrend continuation structure persists, we need to be cautious of a new downward move on the daily chart in the overall direction.
From this perspective, partial rebounds should not be chased, and if the price has not effectively broken through the upper boundary of the downtrend continuation structure, no breakout trades should be made. Any upward movement within the region should be reserved for high-profit exits.
A relatively safe buying strategy is naturally to consider the relationship among the three factors above, participating during price pullbacks. Suggested entry points are as follows:
Aggressive support at 85990~85630, quick in and out (valid for about 4 hours), short-term support at 83540~82650, and secondary supports at 79030~77346~75180 (1:1:2 ratio, can be split into trades).
Current resistance is in this region, formed by narrow-range oscillation, so its reference value is limited. Upward resistance zones are around 92369~94150, with the second resistance still near the 100,000 level. For details, see previous posts.
There are many other levels that could be analyzed if breaking down the chart, but this post only updates more conservative levels. Please refer to it rationally, stay alert, and base your actions on actual market movements.