On the first day of the New Year $BTC , the weather is clear, mainly spending time with parents🌝 It's quite late, but it's still a habit to share some analysis.

🏁 First, let's talk about the monthly level. Two weeks ago, I mentioned that the monthly line might form a long upper shadow small K-line, closing below the closing price of the large bullish candle. Historical data may not be exactly the same, but it can be referenced. In March 2021, a similar pattern occurred, and at that time, the coin price was not as high as it is now, with a drop of nearly 50% the following month. In October 2021, the same pattern occurred, with a drop of nearly 42% the following month.

At the weekly level, recent support is at 90000-90600. If it closes below this level, according to the monthly line closing calculation of a 20% drop, reaching around 75000 is also possible, right?

Of course, this is just one possibility. Those who have experienced a bear market understand that this possibility reminds us to always respect the market, to be aware of the market's brutality and ruthlessness. If you think this is nonsense, then according to your own understanding, feel free to place bold orders on the left side.

🏁 The monthly line closing is not good, and we cannot rule out a small-level rebound. At the daily level, last night it peaked at 96250. Yesterday, it was mentioned that there must be a medium bullish or large bullish candle standing firmly at 95800 to have a decent rebound. It not only failed to stabilize but also closed below the lower boundary of the channel. Currently, it is oscillating between 92000 and 95800, and still needs to break the upper pressure at 99400 to reverse. The support levels below are around 89000 and 85300.

🏁 At the 4-hour level, the right shoulder and left shoulder are roughly aligned, giving a bit of head and shoulders bottom feeling. Standing firm at 95200 will continue to move upwards, breaking 95500 to form a double bottom. The top structure at the 4-hour level has already formed, so the trend should be based on the daily line. Not breaking 99500 is just a rebound, with upper pressure levels around 97200 and 98500, and lower support around 92000 and 90600.

🏁 The downward momentum at the weekly level is weakening. Pay attention to whether this week’s closing will show three scholars to signal a stop in the decline. Standing firm at 95200, upper pressure levels are 98000 and 104500, with lower support around 90000-90600 and 81800-80600.