BTC: The daily chart shows a pullback to the 745 line at the beginning of the month. The first wave ended with a surge of ten thousand points, entering a relative high range of 83-86 for consolidation. The second wave started from 84, surging ten thousand points before entering a high-level adjustment phase. The market still needs to continue adjusting, waiting for the 14-day moving average to extend upwards. At the same time, the K-line undergoes consolidation and pullback to the lower blue trend line to complete the adjustment. In the short term, if the Bitcoin price does not break the 92 line, after multiple attempts to rise above 95 to release the trapped positions in the dense trading area of February, it is expected to continue rising. Looking at the 4-hour chart, there have been multiple pullbacks after reaching near the 955 line, which not only reflects the profit-taking behavior of short-term traders at the beginning of the month but also shows the release of trapped positions above 95. Moreover, each low point of the pullbacks on the 4-hour chart is constantly rising. For intraday operations, pay close attention to the support at the 936-926 positions below and the pressure at the 954-964 positions above. $BTC