Interpretation of BTC technical analysis that ordinary people can understand.

1. Daily situation: Yesterday, there was a large white candle on the daily line of BTC, which crossed several negative candles at once, which is too strong. And the volume and price are also very well coordinated, very healthy. Why the rebound? This is the result of fundamentals and technicals working together. On the one hand, the geopolitical situation eased, on the other hand, the KD indicator was oversold before, and the long lower shadow appeared before the K line, which supported the price, so it rose.
2. Key levels to watch: Yesterday, the price rose to its highest point, touching the midpoint of the consolidation range, which is also the resistance level formed by the reversal of the upward trendline. Today, we need to focus on this resistance level to see if the price can break through, and also keep an eye on the midline of the channel to see if it can support the price.
3. 4-hour chart situation: On the 4-hour chart, the previous downward trend line is slowly being repaired as the price rebounds significantly. However, in the short term, there is still a major downward trend line pressing on the price. Here are two key points to note:
- The resistance level of the first trend line coincides exactly with last week's second high point of 106500 and the key Fibonacci 0.618 reversal level, indicating significant resistance power.
- If the first trend line is broken, along with the short-term rising trend line formed, it will create a triangular consolidation pattern. Before this triangle is broken, the price is very likely to move back and forth within this triangle in the short term. In this case, there will be opportunities for small-range high selling and low buying.

Currently, the BTC price is experiencing significant short-term fluctuations, with bulls dominating at times and bears at other times, making the rhythm particularly fast. Therefore, our operational strategy mainly focuses on short-term trading: take profits when you see them and don't be greedy.