The continuous release of positive news at the top while the market does not rise is considered a top range, and the continuous release of negative news at the bottom while the market does not fall is considered a bottom range. BTC Technical Analysis

1. Previously, when explaining the moving average system, it was mentioned that different periods and levels will always have a moving average that is very useful within a specific time frame, providing almost brainless guidance for trading;

2. Sorry, I found the key moving average for this top range, which is the 1-hour SMA200;

3. Support 1, Support 2, Support 3, break below, retest, if the retest does not break, the breakout is valid, a very standard movement;

4. The level of decline for Bitcoin has already expanded, the red line in the chart indicates a potentially unpleasant adjustment method, referring to the decline that started on January 20, 2025, first forming a large triangle, then consolidating, followed by a strong downward movement, then a strong bounce back, again a strong downward move, and again a strong bounce back. If such a market occurs, it is not recommended to operate; if bullish, expand the space for regular investments; if bearish, take partial profits when encountering a strong decline;

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5. Several support levels are shown in the chart; if the price stays above around 100,000, it is considered a strong adjustment;

6. For bottom fishing, consider the level, divergence, key support, key moving averages, and the macro environment at that time;

7. Optimistically, this adjustment period is expected to last 1-2 weeks.