$BTC Trading has never been about blindly working hard, but about precise direction selection; compared to mechanical execution, independent thinking and understanding the structure and rhythm are the fundamentals of long-term stable profits.

BTC first took liquidity around 830 yesterday, then the market oscillated and declined as expected, with CVD showing a clear divergence, and selling pressure continuously suppressing the market.

In the short term, focus on resistance around 818; support below in the 805–807 range. If a small timeframe shows stabilization with a pin bar or reversal candlestick pattern, consider riding the trend to go long and play the rebound.

If the support is effectively broken, the hourly head and shoulders top pattern will be confirmed, and a 1:1 Fibonacci retracement projection suggests the next target down to the key support at 789 for further observation.

For the short position laid around 825 yesterday, you can reduce the position to lock in profits while holding the core position; if the price stabilizes above 818 in the short term, wait and see for a second resistance at 831. The major cycle resistance remains concentrated around 841.

The global financial markets seem to have forgotten that crude oil is still at a high level, but what’s worth noting is that the NASDAQ has retraced from 26,200 to 22,800, a -13.18% decline, then various tech stocks hit new highs. The NASDAQ rebounded from the correction to a new high with a +26% increase, reaching the 1.618 key resistance zone. Be cautious of a high-level pullback that could trigger a crash in Bitcoin. #BTC回调