Daily market analysis - $BTC

The reference period is 4H. The day before yesterday, I thought that because the price only showed the upper shadow line, there should be a real column to continue to reach TP1. As a result, it reached it again yesterday, but at the close, it was still the upper shadow line, indicating that there is a resistance effect in TP1.

From the market point of view, the short-term structure should be testing the support, which is the thinner gray area in my picture. For a better entry opportunity for long orders, in fact, I still think it is better to place it on the untested support below and execute it with the expectation of a rebound.

Tips (two ways to enter the market after breaking through the box structure):

1. Breakthrough chasing

2. Wait for the rebound after the breakthrough