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加密前线(糖哥)|Mar 03, 2025 16:09
Daily Market Interpretation - BTC 03/04
As mentioned earlier by Sugar Brother, if BTC rises to around 92000, both the chips that buy at the bottom and hold the middle line, as well as the chips that are trapped at the high level in the early stage, should first reduce their positions and leave. At that time, do not be blinded by the brainless call for a bull's return, do not chase after the rise, and wait for the price to further break through or experience a second contraction before entering. From the current trend, the predicted difference is not bad.
From a weekly perspective, the market trend does not look bad in the big cycle, but the existing structure does not give a clear feeling of an immediate increase. Therefore, we need to be mentally prepared for the price to fall back to the lower part of last week's shadow line.
From the daily chart and the trend of 12H, the high position yesterday was the suppression level mentioned earlier. Currently, the price is still suppressed by this structure and has not broken through. To move upwards, we need to wait for the price to further break through and form a head and shoulder bottom before we can operate. To move downwards, we need to lower the lower track of the contraction triangle. Before breaking through, we need to look back and step on it.
From the perspective of the 4H trend, the suppression of the upper moving average system is still present and has not broken through. The support of the lower K-line head, shoulder, and bottom structure has also been formed, which will play a supporting role in the future. The price is likely to experience a short-term contraction and oscillation trend between the head, shoulder, bottom, and neck lines and the previous high.
Based on the support and suppression of the above levels of trend feedback on the market, Sugar Brother provides the following points for your reference:
Short term support range 87630~86434 (1:2 fast in and fast out), second support range 83860~79736 (fast in and fast out first, reserved for a pin towards 75022, can be done separately), short-term pressure range 94190~97347 (can be entered by breaking through with volume and stepping back), BTC
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