The Bitcoin daily chart structure is relatively complex, for example, the top of the current level structure at 123,300. It can also be viewed as buyer liquidity pressure.

If the market is to continue to decline📉, it must break yesterday's low, which is also the position support of market consensus.

The chip concentration area is mainly around 118,000, with 112,000 and 114,500 being the positions for directional selection.

The downward 📉 structure must break below 114,500 for it to be valid. For the medium to long term, pay attention to the yellow rectangular area, which is also a demand zone.

The above is only a layout of the strategy at the daily chart level. What is more important is to observe the trends in smaller timeframes. If the larger direction on the weekly chart weakens, then this structure may be completed.

The above views are for reference only and do not constitute investment advice.

#比特币btc# #以太坊eth# $BTC