Latest Market Analysis — BTC

In general, BTC is in a bearish trend.
The basic trend on the bearish side remains unchanged. This is the second downward sideways movement on the daily chart, with a clear upper boundary.
Do not enter prematurely before an effective breakout. Do not chase the rally. Instead, focus on quick entries and exits when the price dips to the local support line of the life line trading strategy, the lower boundary of the box, or after breaking below the box's lower boundary and experiencing a sharp decline to the divergence point for a low-risk long opportunity.
On higher timeframes, the nearby candlesticks are not of a sustainable upward type. The closer the price gets to the upper boundary, the more you should beware of false signals and rapid declines.
All operations within smaller timeframes revolve around the recovery structure within the sideways range. Since the upward movement on smaller timeframes is contained within the divergence structure of the larger timeframe, both the sustainability and operational space are relatively limited.
Regarding the current short-term trend, some levels are at support, but the candlesticks after reaching support do not show offensive patterns. Therefore, it is still best to adopt a multi-level exit strategy. The key levels are as follows:
Short-term support: 68910–67933 (aggressive, avoid rapid declines, quick in and out at a 1:2 ratio, or monitor and split trades separately), box lower boundary support: 64210–63614, upper boundary resistance: 72540–73338, control line resistance: 75180–77012.
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