$BTC

BTC, three peaks structure, daily trend is downward.

1. From the daily trend, it is still hovering between the rising wave 5 and the declining wave a, with support at 685 and 655,

resistance at 73,000. After a certain correction, the possibility of moving to wave b is higher.

2. From the 4-hour trend, it is in the transition phase between Elliott wave a and b, with intraday support at 695 and 685, and resistance near 715. In the short term, it remains predominantly high for short positions. Operations are still at the support and resistance conversion points.