BTC

The continuous decline in the hourly chart during the early morning has brought the price back to the bearish side of this level, and there is also a new pattern of resistance forming above. Currently, there are no ideal buying points from a technical perspective at the current price and above, and after fluctuating within the small range of 89480~90680, only downward orders are left.

Summary: The structure of the daily decline remains unchanged, and the smaller timeframes are generally on the bearish side. Before a signal of a large bullish candle appears, the main strategy is to focus on low long positions, with reference points as follows:

Short-term support at 87910~86370, second support at 83310~82140, and 79666 and 70500 are two important support points in the next large-scale retracement process (key points). The short-term resistance is within the current price range, with the structural divergence area at 98580~99168.