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Daily Market Analysis——BTC
In my previous analysis, I highlighted BTC support at 68910. The market low reached 68975, just barely missing it. However, for those familiar with lifeline trading tactics, this also represents a retest of the upward-sloping 15-minute MA250. There's no difficulty in watching the charts and operating here.
Sideways consolidation periods are always boring. The trend structure here is basically consistent with yesterday's, with price contained within the daily box. The mid-to-large timeframe shows local support but lacks uptrend structure. Small timeframes show intertwined bullish/bearish forces or breakout retracement patterns, so the relatively safe operating mode remains guarding against bull traps and reserving exit zones with dips followed by rises.
Quick scalp entry/exit zones: 68935-68772 (avoid sharp dips). For small timeframe sharp dips, reference the 67820-68080 area (1:2 ratio).
Short-term resistance: 70730-71365; Second resistance: 73430-75180. For those with trading experience, if price rallies first to resistance levels, watch small timeframe MA30 retests in sequence for quick scalping opportunities.
Note: Since consolidation structure and range remain unchanged, all levels here are narrow small timeframe ranges requiring quick scalping or reduced trading frequency. Previous larger timeframe levels remain valid and can be referenced for pending orders. #BTC