Daily Market Analysis — BTC

Yesterday's BTC price movement pace was consistent with Brother Sugar's prediction. The current price action is a rebound reaching the short-term support zone of 79,746-78,592. However, in a bearish structure, the height of a direct rebound is limited. Short-term traders should monitor the market closely and trade quickly in and out.
From the daily chart and higher timeframes, after the price approached the weekly MA30 downward, compared to the gradual rally in previous days, there was clear selling pressure within the internal levels, but it has not exhausted.
In such a trend, the slow feedback signals from higher-level indicators cannot be ruled out. More information is recommended to be observed from smaller timeframes!
From the 12-hour chart, this is a typical pullback after price divergence, which can locally provide support for long positions or short positions, but the current pullback is not thorough. Based on personal subjective experience, such a trend usually does not directly provide a continuous upward environment. In the short term, it should be viewed as oscillating downward.
From the 4-hour chart, the previous 1-hour level breakout rebound has now developed into this timeframe, so the trading idea remains to wait for a decline followed by a rise.
From the 1-hour and lower timeframes, after the price reached the short-term support of 79,746 mentioned earlier, multiple pin bars appeared during trading, and the candlestick patterns are relatively positive, indicating that the bulls in this zone are resisting clearly. However, the 80k above area, specifically the 500-800 dollar zone, remains a zone of resistance and downward pressure, with limited room for growth. It’s not worth taking excessive risks; early profit-taking on previous positions is advisable, and new positions should wait patiently for a lower price to re-enter.
Summary: After reaching resistance on higher timeframes, the price experienced a minor pullback due to resistance, but the overall structure has not yet exhausted. In the medium to short term, the pattern generally shows a break and rebound formation, so short-term downside risk should be watched. Small timeframe pullbacks can be used to play for upward rebounds, but chasing rallies or panic selling should be avoided.
Short-term resistance: 80,555-81,060
Second resistance: 82,426-82,986
Aggressive support: 79,313-78,758 (quick dips, quick rebounds, avoid panic drops)
Short-term support: 77,097-76,451 (monitor closely, trade quickly in and out)
Second support: 75,180-74,080 (can set orders)
Note: These are generally small, quick, short-term levels. The previous detailed analysis of higher support and resistance levels remains valid and can be reviewed if needed. #BTC