#BTC In the morning, it was clearly stated that the 825 Bollinger upper band is the suppression level, and it can be lightly tested. The focus is on the daily line Bollinger band closing and opening pattern: if the daily Bollinger moving averages open up, the pullback strength will be relatively smaller; if the Bollinger band fails to open, the pullback space will be further expanded. At present, the market structure has already perfectly verified this logic.

In the midday update, it was also emphasized that the market continues to trend weakly. When the price pulls back to the daily Bollinger upper band and adheres to the high-point area, that is the window for a short-term rebound. Therefore, around the 805 level, you can look for a modest rebound. After rebounding to around 81000, short-term longs can exit and then switch to shorts in line with the move. Downside targets: first look at around 798 to 793.