Daily Market Interpretation - BTC 04/24 When the price was above 941 in the previous text, Sugar Brother analyzed the technical structure of various levels and suggested not to chase after the rise, actively selling high, and adopting the 1H lifeline strategy (MA30) of low and long after the fall. The trend was consistent with expectations. From the 12H to the daily trend, the tight space formed by the concentrated trading of the upper bound plate and the moving average system will continue to suppress the price. This suppression cannot be resolved overnight, but requires the dual attributes of time and space to repeatedly form the daily line. Usually, the length of the horizontal plate above will correspond to the length of the grinding plate below, even slightly longer. In theory, a violent bullish candlestick can also accelerate completion, but this type of trading on large cap currencies requires huge amounts of capital that ordinary institutions cannot afford, and is usually not adopted. We conduct technical analysis from the perspective of the main force, using a more economical starting point to speculate on the actions of the main force traders. In terms of short-term structure, after the price reaches the daily MA180 line, it will remain stable for 3-6 days and may experience a second surge. However, other medium - and long-term moving averages generally decline, which will create a certain degree of retracement for upward prices and thus create a downward pull on upward prices, resulting in poor sustainability. (Tip: The divergence between the moving average and K-line is usually a long/short trap) Summary: Large scale suppression is difficult to digest directly in the short term, and instead of chasing the rise, it relies more on lower levels. From 1H to 4H trend, yesterday Sugar Brother indicated a high divergence rate in the market and poor continuation of gains. Therefore, it is normal for a pullback to occur today, which is a routine repair. The bullish structure in the 4H and below levels remains unchanged, and it is normal for a pullback to be low. In the short term, 1HMA60 will provide some support for the price, and if it does not break, it will maintain a high volatility. If the volatility is amplified, the relevant ideas are as follows: Monitor the moving average: 15 minutes MA250 (first in place short multiple and reverse emptying after breaking position), 4-hour MA30 (low multiple) Pay attention to the time difference and point bonding when breaking through and drawing back. If the high-level moving average moves up, there is no need to do it. Radical orders: 91510~91313, watch the market fast in and out, drop below and withdraw. Short term support 90216~89100, short-term suppression 94656~94007, BTC