The daily resistance for the pancake is around 92000. Wait for the moving average to open a hedge order, pull back to the secondary level to close the hedge, add a position, and add some ingredients.
A bull market has completed its trend on the 1-week line, and it is currently at the 2-week level. If this breaks effectively, it will move to the 1-month line, with prices around 63,000 to 64,000. However, the current 2-week level has support at 84,000. Of course, the pressure around 97,000 above the 2-week level is also important to watch. The operation is quite simple: if it doesn't break, hold the 2-week support; if it breaks, wait for the 1-month line support.
Look at this weak support of the 5-day line; there may be a small rebound, but before the small-level bottom is completed, going long still requires careful risk management. If attempting a small long position, a strict stop-loss must be set below the lower shadow, and for the rebound, the maximum take profit should also be below the secondary level, unless it directly stands above the secondary level. I estimate that once the time logic of the small level is completed, the bearish direction will continue, mainly because the weekly level and the 10-day level have not yet reached the support position. Another issue is that the break of the 3-day line is the most troublesome. $BTC
As a player who prefers large cycle rebounds, looking at this static market, holding money and waiting patiently is the best choice. Currently, having a short position at this level is a bit awkward, after all, the 3-day line hasn't effectively broken down. It's not easy to manage this short; it needs to break down and rebound without surpassing the 3-day line pressure, then I will attempt to establish a short position. Doing this is just to feel relatively stable, after all, coming to the market is about wanting to take money out to spend. Filtering out some small cycle market noise can reduce overhead operations. Calculating a bit, even with a small capital of 10,000 USDT, capturing two doubling markets in a year would have already surpassed various bank returns. In other words, it can even exceed any physical investment and surpass the average salary income in small cities, which is enough. $BTC 😀
Regarding the black swan event, some information was observed from the market
Speaking of black swans, during those days, apart from seeing various large amounts of BTC transferred to exchanges, there had already been a very serious top divergence in the market prior to this. I think the market needs to correct, but I really didn't expect it to break so many zero-axis supports. Spot trading adjusted directly to the secondary level of the weekly chart, while contracts adjusted directly to the main level of the weekly chart. Various media outlets claim that the export restrictions on rare earths caused a chain reaction of U.S. tariffs, but even without looking at any news, the formation of this top divergence on the weekly chart has not happened in just one or two days. The question is, why did the contracts drop more than the spot market, creating an additional support level? If we keep thinking this way, there are too many reasons. I have included two charts for those present to observe. After all, the fourth wave at the weekly level is obvious, and that top divergence can definitely be seen at a glance; it is also the entire structure of this bull market. Below is a comparison chart of spot and contracts; if friends in the square have any insights, I hope you can share them with me.