From the daily chart perspective, this round of BTC movement shows a clear "sharp decline - bottom formation - rebound" three-phase structure. The market started from a high level near 90,000, influenced by multiple negative factors, initiating a deep sell-off, with the lowest touching around 59,800. Market panic was fully released, and selling pressure was absorbed. Subsequently, the market entered a prolonged bottoming and consolidation phase in the 65,000-72,000 range, with candlesticks alternating between bullish and bearish, and repeated battles between buyers and sellers. Trading volume remained low, and market sentiment gradually shifted from panic to hesitation. During this process, the bullish forces slowly accumulated, eventually forming a clear upward channel, with lows and highs continuously rising. The current price has rebounded above 80,000, with a rebound of over 33% from the lows, showing a strong recovery trend.



Combining the current trend, the core support and resistance levels have formed a clear battle pattern between bulls and bears, directly determining the subsequent market direction:
The current price is in the 79,000-81,500 range, which is both the dense selling pressure zone of previous trapped positions and the core resistance zone of this rebound. The bulls and bears will enter a heated battle here, directly affecting the future trend direction.

Trading suggestion: Short near 81,200-81,500, stop loss at 82,000, target 79,500.
BTC2.76%
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