Daily Market Interpretation - BTC 05/23 As mentioned by Tang Ge earlier, the bullish trend of BTC at all levels is still present, but it is facing potential top divergence and other short-term trends after the increase of positive divergence. It is necessary to be cautious of short-term risks and the market trend of large levels re entering a volatile trend. This view is still ongoing. From the daily trend (7 days of management), the overall structure belongs to the trend of "the fourth rise after three sideways periods" and the local trend of "three sunny days in four days". This candlestick pattern to some extent reflects the demand for consolidation in the market. At the same time, the main moving average systems are all standard long positions, which means that the bullish trend is still ongoing, the upward momentum has not yet ended, and the support below is present, so the market will not abruptly stop. Combining the two, the current market trend belongs to the "super high" trend in the bullish trend, and there is a short-term demand for consolidation, but this consolidation is a benign adjustment that will not change the overall direction of operation in the short term. From the trends of 4H and 12H (controlled for 3 days), the bullish trend has not changed, but the market has fallen into a stagnant phase after the super rise, and there are also potential deviations to varying degrees, which means that the consolidation trend is expected to continue. Horizontal or local surges are difficult to generate ideal buying points, and short-term operations wait for the price to fall before rebounding near the MA30 level at that level. From the trend of 15 minutes to 1 hour (controlled for 8 hours), the market has entered a mixed long short trend (a trend with support in the long cycle and suppression in the short cycle), and all levels are in their first pullback after falling below MA30. In this trend, the upward recovery is only a oscillation to return to the current level, and there is no big chance in the short term, while suppressing the downward trend is most likely. So instead of chasing upwards, one can rely on the support of the existing K-line pattern and moving average system to participate in the rebound. Summary: There is a demand for consolidation after the large-scale super rise, while the small-scale market experiences weak upward momentum after entering a bullish interweaving trend. The relevant buying points should be considered after the price falls. The reference points for the price levels are as follows: Short term support 109810~109310 (fast in and fast out of the market), second support 107822~105515 (sudden drop to rebound), In case of extreme market conditions, 102498-100999 can be suspended, and a rebound can be made every 5%, twice (with a small probability trend, no need to panic). For more details, please watch the video content. BTC