# Daily Market Analysis——BTC

The previous short-term support at 69080-68522 precisely locked in the low point of the overnight pullback. Currently, the trends across all timeframes belong to one large consolidation range, but the bullish/bearish signals reflected by each level are relatively mixed. Let us analyze this systematically.

From a medium to long-term perspective with the daily chart as the main reference, price is in a bearish trend. This is the multi-bear interweaving zone within the second downtrend consolidation. Before the K-line breaks below MA30, we cannot determine this as the beginning of a daily-level reversal downward. Conversely, we need to continue combining small timeframe buy points and reserve upside momentum toward the main power control line at 75180 and slightly above.

From the mid-term structure of 4H to 12H charts, it is also a bullish/bearish interweaving trend, but this nature is downward interweaving with obvious composite pressure inside, not as strong as the daily level. We can utilize pullbacks to engage, but cannot chase rallies directly.

From 1H and lower timeframes, it presents a standard bearish arrangement structure, originating from the rebound during the night session, which is merely a correction of the oversold conditions from the 18th. The correction has now completed. Upside is the composite pressure zone of the mid-term structure; there is no need to chase rallies. First, be cautious of pullbacks, then continue to reserve low-long positions after price pullbacks.

**Summary:** The daily chart's second downtrend consolidation within the bearish trend is still continuing, but the mid-term trend is relatively weak. The small timeframe has also corrected the negative divergence after the previous oversold conditions. In the short term, the trend will likely follow the direction of medium to short-term levels, mainly adopting a "fall first, then rise" operation mode.

**Short-term Support:** 69285-68848 (if the rebound strength on 4H reaches the amplitude to complete a W-bottom, can hold longer)

**Second Support:** 65960-63899 (can set orders)

**Short-term Resistance:** 73370-74445 (reference for monitoring)

**Second Resistance:** 75180-77530 (still the recent divergence selling pressure point)

**Reminder:** Short-term resistance 71280-72110. If it falls gently again at 70300-69860 zone, supporting orders will appear, but the operating space both can support is very narrow—only for monitoring reference. Do not operate on first contact; consider after 2 repetitions. Previous large-order placement remains unchanged. #BTC