After the previous text where Sugar Brother pointed out the risks and opportunities, both the rise and fall happened in one go, and the local surge has reached the estimated target area in the group, the trend is in line with expectations.

From the daily chart, after five consecutive declines, the price closed above the MA250 at a key position. The bullish engulfing candle after the consecutive declines suggests a potential bottoming out, with limited downside in the short term, but an entry still requires waiting for a smaller scale opportunity.

From the 4-hour chart, the daytime rise is a recovery of the overnight excessive drop, which is nearing its end. Due to the previous consecutive declines, the long-term bearish atmosphere is strong in the upper structure, and the sustainability of further rises is weak. After the surge, it is a place for active selling, and a pullback or sideways consolidation is needed before the next wave of increases.

From the 15-minute to 1-hour level, a double bottom structure has formed on the chart. The W neckline and 1H MA30 will provide certain support in the future, but also note that the selling pressure in the upper medium to long-term is quite evident, so do not chase the highs in the current area and above.

Considering the views across all levels, there are signs of a bottoming out on the larger scale, with limited downside in the short term. However, the bearish structure in the upper small scale is also quite evident. When facing a rise, do not chase; primarily wait for opportunities after a pullback in the 1-hour level. Reference points are as follows:

Currently at the short-term resistance level, but the selling pressure is not obvious. The higher resistance is referenced at 83595~84690 (not for breakout), medium-term resistance at 85420 (low probability point), short-term support at 80564~79270 (aggressive nature, good for gradual decline, 1:2 quick entry and exit), second support at 77918~77315 (seize rebounds in case of sharp drops).

Note: The previous large-scale order levels remain unchanged, with key references for smaller levels being the 15-minute MA250, 1H MA30, #BTC.