Daily Market Interpretation - BTC In the previous text, Sugar Brother pointed out the first decline trend and two levels of support for BTC, and the long and short rhythm of the market is in line with expectations. Congratulations to all the friends who have eaten it. Our view on the current environment of the stock market has always been consistent. Here is a bearish trend, with the bearish side experiencing a downward sideways trend with a high point of 66974 and a low point of 56182. The position of this sideways trend starts from the original high point, with approximately 1600-2000U of room for upward movement. It can be used for small level breakthroughs and retracements, but cannot chase the rise. The main direction still depends on local retracements that meet the conditions. Looking at the medium to long term trend represented by the daily chart, some areas have emerged from the W bottom structure, and the upward space after the upward movement of the upper track is not yet closed. The second support area of 63923-63717 mentioned earlier is mainly based on the W bottom neck line. Currently, it is still at the support level of the neck line, and short-term profits can be taken on their own. If you want to take longer, set a 1.5% stop loss, and you can play with a 4% -6% upward space. W bottom neckline defense reference 64088-63338 (watch the plate for longer and shorter options) Regular short-term support 63063-62737 (slow decline fast in and fast out), second support 61810-60005 (1:2 hanging, divisible) BTC