Market Update - BTC The BTC daily level began with three large bullish lines on August 19th, which closed off the possibility of further falling to a new low based on the rising starting point in the short term. However, the rise itself is still in a bearish environment at the large level, regardless of the size of the level. At present and above, it is facing bearish pressure. From the daily trend, after reaching the starting point of the decline in early May, the upward trend was significantly hindered and there was no new energy storage structure, which is not conducive to short-term secondary power generation; This position is expected to form a "golden pit", but it must be accompanied by a long-term (30 day starting) oscillation and consolidation structure on the right side, so there is no need to expect too early now. However, it is important to have this awareness (using the lifeline strategy to get on the car during the pullback). Prior to this, this level only reserves short-term high selling after the rally, without chasing after the rally. From the trend of 4H to 12H, there is a continuous deviation in the midline structure, which is the norm in a continuous upward trend. However, such continuous deviations usually resolve after the MACD of this level touches the zero axis. Please pay more attention; In addition, there have been no effective breaks in some areas, so in this level, in addition to the high selling strategy mentioned in the daily chart, the safe operating mode is to wait for the price to drop to the main control line 75180 for the second time. Observing the intraday market at 1H and below levels, it is common for levels below 30 minutes to face a break after multiple top deviations, and it is necessary to be cautious of price dips. After a dip, there is also support for MA250 at 15 and 30 minutes, but the available space for operation is less than 1%, which has no operational value. As Tang Ge often says, it will have a delaying effect on the decline; If you need to participate in the rebound in the next few days, start around MA250 at 1H and above levels. Summary: At present, there are no new technical buying points, and the corresponding operating modes are high selling after the high-level continues to rise, high selling after the low-level breaks, and low long mode after the first spatial decline of the low-level. The relevant reference points are as follows: Short term support 76021-75040 (watch the market 1:2 to grab a rebound) Second support 73572-71943 (1:2 can be hung) Rapid decline and rebound: 67799~66580 (1:2, valid for 5 days) Short term suppression is within the current range Second suppression 86145-88800 (1:2) BTC