The daily level of Bitcoin continues to maintain a bearish trend, and it has once again fallen below the key trend line MA120. This breakthrough clearly confirms the weak bearish pattern within the daily cycle.

From the perspective of daily cycle logic, a bearish trend typically ends with market recovery; however, it should be noted that if the daily line continues to search downward for support, the strength of any rebound that may occur during subsequent market recovery will become increasingly weak, creating a vicious cycle of "decline - weakening support - weak rebound," which is contrary to the previous strong bullish cycle in the daily line characterized by "indicator recovery - weak decline - continuous price increase."

Currently, from a higher-level perspective, there is still strong trend support around 97,000 below the daily line. For the trend of daily line decline, if adopting a trend operation strategy, the most suitable approach is to wait for the daily line to first execute a weak rebound, complete market recovery, and then carry out bearish positioning. $BTC $ETH #九月加密市场能否突破？ $