BTC Technology:

1. Weekly level: The price closed with a bullish candle last week, but the overall rebound was not significant. Instead, the price has been fluctuating and consolidating around the lower Bollinger band, continuing to digest the previous large decline. From a trend perspective, the downward trend of the price has not changed. After this area consolidates, we continue to look for a decline, with a target around 75000.
2. Daily level: The price formed a hammer at the top, accompanied by a weekend cross star at the top during Saturday and Sunday. The price has dropped today with a large bearish candle. Currently, attention needs to be paid to the rebound situation after the second bottom test on the daily chart.
3. In terms of the daily Bollinger Bands, the price has been consistently suppressed by the descending channel of the Bollinger middle band. This time it continues to be suppressed, and after reaching the middle band, the price has dropped. Pay attention to the support of the Bollinger lower band and the previous low points.
4. Assuming this area is the top of a bull market, from a fibo perspective, the current price is at the 0.382 support. If it breaks down again, pay attention to the 0.5 support, which resonates with the horizontal support.
5.4-hour level: The price has broken below the upward trend line, simultaneously forming an M-top structure, leading to a price decline. Subsequently, pay attention to the price's upward retracement to fill the FVG gap, and the continuation of the downward trend can be observed.
6.1-hour level: A low 9 signal of TD9 appears at the bottom, and the price may have an upward rebound during the day. Capture the rebound plan and continue to short.