$BTC Let's review the walking path of Bitcoin over the past few days.

On the daily level, from the beginning of the decline to yesterday's daily close, it formed a downtrend with three small candles + a long lower shadow line indicating a stop of the decline, and closed above the channel support at 94500. This support has been mentioned before; it was the point where the daily level broke upward, changing from resistance to support. Here, it must close with an effective break below and pull back for a second confirmation of not breaking down before continuing downward. Combining with the 4-hour level entry point, if the closing entity does not break point A at 92700, one can enter long.

This morning's high of 99500 happened to hit the channel at the 4-hour level, and the closing was below the high 2 level resistance. At this position, it is advisable to reduce long positions, as it is uncertain whether it will break through. However, since the daily level broke through 97800 and closed above point B forming point C, the B area at the 4-hour level has also formed a double bottom breakout above the neckline, indicating the possibility of continuing upward without a pullback.

✍🏽 Currently, the 4-hour level has broken below the closing price of the left side big bullish candle at 98300. If it closes and pulls back for confirmation without breaking, it will continue downward; if it breaks through, it will continue upward.

🏁 At the 4-hour level, the upper resistance is at 99600, 100800, 102500, and the lower support is near 97600, 96000, 95000.

🏁 At the daily level, the upper resistance is at 98900, 101000, 102800, and the lower support is near 97800, 96600, 94700.

It is not advisable to be lazy with orders; set reminders and observe 👀 the candlestick patterns, volume, and the conditions of lower highs and lows before taking action.

In the current market, trading on the daily level is relatively easy and not prone to losses. Be patient and wait; do not act until reaching critical positions, and always include a stop loss of 200 points above the previous low or high from 4 hours ago.