Daily Chart:
1) The daily chart structure is still downward, with lower lows being formed.
2) BTC currently plundered 76 after a rebound, for this rebound in the short term, first look at the D1 bearish order block test, if rejected, continue to look down.
3) If the D1 bearish order block is broken, then pay attention to the range—H test.
4) For regular investment and long-term players, I still believe that investing in large amounts below 80k is advisable.
Hourly Chart
1) Last night there was indeed buying volume.
I took a quick look, from the 5th to the 7th, BTC sold 1.2 billion, and on the night of the 6th to the 7th, it dumped around 700 million, then last night bought around 300 to 400 million.
2) BTC is currently highly controlled, still experiencing a plundering and volatile market.
Here it is still pushing for a rebound, but the rebound first needs to consider the bearish order block test above. This is also the intraday liquidation position.
3) Here chasing the rise is unrealistic, for me, I am still paying attention to the liquidation of short positions near 82, after which a rejection of distribution presents a short opportunity.
4) If it comes down, first look for buying opportunities near 75.
