BTC 32-hour structure, of course, you can also view it as a two-day line, because you can't see 32 hours; day traders shouldn't look at it, or else you might think there's something wrong with what I'm saying.

Current level decline

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Five-wave ending, forming a V shape, the current local high point does not continue. You can also view it as an M, equivalent to two types of structures.

The rectangular position at the top is an important resistance level; in static market analysis, an effective M-top will break down and fall below the lowest point of that segment.

In summary, the daily line closing in the morning is relatively strong, and while being strong, it also needs to form an effective rebound; otherwise, no matter how well it rises, it won't have any effect and will ultimately adjust the current level.

At the current level, mainly pay attention to around 101209. If it breaks below this position, then the next target will be around 93800.