Daily Market Overview — BTC

From the overall trend perspective, since last year's Singles' Day when the price broke below the daily MA250, Brother Tang has been indicating that the price remains in a bearish trend, with the variables mainly being whether the local price is leaning more towards the bearish side or the bullish side within the bearish trend.
Locally, there is no doubt that the current price is on the bearish side of the trend. Since the beginning of this week, the discussion has been about the decline following the end of the sideways movement on the 4H chart, which is also the reason. Therefore, the current bullish operation mode is to seize the internal rebound within the oversold rhythm on the 4H level.
Using this thinking to infer the subsequent market movement sequence, it is highly likely that the 4H to daily range has reached the previous support zone of the pattern, which can provide opportunities for long positions in the 1H and lower timeframes; however, the overall 4H to daily K range remains on the bearish side of the trend (based on MA30), and after a small-scale oscillation rebound, further downward retracement should be reserved.
Short-term resistance will start to appear around 67,939-68,182, but effective suppression needs to reference 68,985-69,722.
Yesterday’s short-term support at 66,712 still held, limited to yesterday’s position for a break-even game; new positions are not recommended to enter now.
Looking at the market, there is an oversold expectation within a short-range, but no ideal operation points are present. Therefore, I will first provide several large-level order points for reference. If short-term opportunities arise, they will be announced separately in the group.
Mid-term support is at 61,230-59,702 (monitor 1:2).
Mid-term second support is at 57,186-55,840 (1:2 can be placed).
For now, this format will be used, and it will be gradually simplified later! #BTC