Daily Market Interpretation - BTC 02/23 (Key) As mentioned earlier by Tang Ge, the original 1H support has been transformed into suppression, and the chips in hand should be released first. At the same time, we should also be cautious of further price drops and wait for them to fall before going short. Today, it is indeed the first drop, and the initial trend is in line with expectations. From the daily trend, the range of price operation has not changed much, but the structure has clearly reached the end of contraction. If it recovers above 99000, the price can still maintain a period of oscillation. However, if it falls below 93000 and does not recover, it is easy to form an M top, thus extending a downward trend towards 86000. From a high-level description, the opportunity for actual combat lies in the retracement of pressure from above, as well as the trend gap during the process of withdrawing below the neck line. If it is spot goods, it is necessary to carry out stop loss measures and take defensive measures to reduce positions in the near future. From the perspective of the 12H trend, there is very little room for direct upward movement in the existing structure. In the face of a sideways trend after a decline, it is necessary to prevent the occurrence of inertial declines first, and then rebound after breaking through the low. Looking at the trend from 1H to 4H, the price is still in the process of falling after breaking through and rebounding in the early stage, and there is no upward recovery structure during this period. The current decline is not thorough, and there is no ideal buying point formed in the short term. There is no need to operate, mainly waiting for further downward exploration to seize the rebound. Based on the above ideas, the daily chart structure should be cautious of the occurrence of an M top trend. The space for small upward movements is narrow and the certainty is low. Conventional operations should not be done for now, and the focus should be on the rebound after breaking through the low. The reference points are as follows: Short term support ranges from 94666 to 93480 (watch long and short, keep an eye on the market for fast in and fast out), second support ranges from 91911 to 89316 (quickly fall and rebound, fast in and fast out), medium to long term support ranges from 87566 to 85843 (non existing fluctuation range, pre selected point, 1:2 can be hung), medium to short term suppression ranges from 98060 to 9760 (break through the enterprise stability with large volume and enter) Small probability boost for aggressive orders: Enter at current price 95975~95216, stop loss 94860 (1H entity), short-term suppression in the game, take profit on your own. (The only structure is close to high-level support, relying on luck to pull up, with a higher element of gambling) Note: Work in batches between the above points, do not merge positions, work on the other side first if it arrives first. The recent market is at a turning point, pay more attention to the choice of direction, and be wary of downward breaks. BTC