Let's talk about the technical aspects of BTC.

Daily

The price surged and then fell back, forming a V-top. We need to keep an eye on the key support level after the drop and look for entry positions for long trades. The Bollinger Bands have shown a complete funnel shape and are now narrowing. The price is some distance away from the Bollinger middle band support around 92400, so we can set up long positions in this area; both consolidation or upward movement can lead to profits. The MACD has a death cross above the water, and the bullish volume bars have turned bearish, indicating a bearish bias.

4-hour level

The Vegas support is at 91500, forming a support zone around 91500 - 92400 with the middle line of the daily Bollinger Bands. Currently, the Vegas has a golden cross, and the price is touching the Vegas for the first time after the golden cross, with strong support in the resonance zone. The Wyckoff method shows that the full distribution has been completed in the 4-hour timeframe, and it is currently in the SOW weak phase. In the short term, it may continue to fall, and short positions can be taken at the upper line of the distribution or long positions at the lower bottom.

1-hour level

The price has broken below Vegas, turning support into resistance, resonating with the upper line of the consolidation. Short-term trading during the day can focus on short positions around this area, and we won't look for long positions unless this area is broken.

I plan to enter the market around 92450-91600.