BTC Bitcoin Market Trend Chart Structure Quick Review 🟡 Based on the current 8H level trend of Bitcoin, we can see that the price is currently fluctuating within a range and has not shown significant unilateral trend characteristics. At the end of the interval, there is a downward trend in the center of gravity, with the high and low points continuously moving downwards, reflecting a relatively weak buying trend and strong selling trend in the market, but they have not yet fallen below the lower edge of the interval. 🟡 The daily chart shows a significant M-top structural feature, with the M-top shoulder line above the yellow box and the M-top neck line below. We can see that the daily price has been strongly suppressed when it touches the top of the box twice, accompanied by a continuous contraction of trading volume from left to right. This is a typical top feature, and the daily moving average in the chart has crossed and is about to form a dead cross. Before the price effectively falls below the box neck line, the internal structure of the M-top can undergo a new structural transformation at any time. However, at this time, due to the formation of a relatively clear top feature, we should be cautious about bullish and wait for more conditions to improve bullish factors. The daily shoulder line price is around 106K. The daily neck line price is around 92K, and the support below is 90K. 🟡 The monthly chart trend is relatively good, with the moving average maintaining a healthy unilateral upward trend. However, it should be noted that the current price trend is still constrained by the suppression of the mid track in the monthly upward channel, and has not been effectively broken through in the three-month uptrend, indicating that the selling near the mid track is indeed strong. However, it also reflects that once the mid track is effectively broken through, the monthly market may usher in a huge and sustained upward space.