Daily Market Analysis — BTC

Last week's core view was that the price has reached a major resistance zone, but the internal structure shows no signs of exhaustion; it’s not actively fighting upward, only reserving for a high sell-off. This week, we continue with this approach to analyze the market.

From the weekly chart, the current price has already reached the MA30, which serves as a significant resistance at this level. There has been no breakthrough, so we focus on the resistance. The support at this level is the "W bottom" neckline and the double bottom area.

From the daily chart, the price position has not changed significantly from last week, but there are some candlestick patterns, leaning more towards a bearish outlook. In actual trading, it’s advisable to adopt a downward bias to reserve entry points for long positions at lower levels.

From the 4H to 12H charts, the bullish support formed over the past month from the rally still exists. However, after entering the 82k region, selling pressure during trading has become quite evident. Technically, a dark cloud cover pattern is visible, and caution is needed as the mid-term structure may further decline.

From the 1H and lower timeframes, the moving average system has become disorganized. The current upward movement is just a return to small-scale oscillations, which lack trading value. If a decline occurs first, only aggressive quick entries and exits are worthwhile.

Summary: Since the major level entered resistance last week, signs of weakening have gradually appeared this week. All levels are only reserving for high sell-offs; there’s no need for direct fighting. The new long positions are mainly waiting for retracements at various levels to find entry opportunities.

Short-term resistance: 82,205–82,659

Small interval support: 80,080–79,760 (do not buy during sharp declines; support during rapid drops: 79,250–78,878)

Short-term support: 77,920–76,694

Second support: 75,590–74,841 (not within the current range, can set orders; valid for 3 days)

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