BTC closed with a bearish candle on the daily chart today, and the Trading Volume has significantly shrunk compared to the previous period, displaying characteristics of a weak and volatile trend overall. In the short term, the bias leans towards the bears, but on the 4-hour chart, lower wicks appear frequently, indicating fierce competition between bulls and bears, with a clear consolidation pattern. Moving to the 1-hour cycle, the coin price is fluctuating widely downwards, and the strength of long positions catching a falling knife is severely lacking, increasing the probability of further declines. The current market is generally showing a bearish consolidation.

From a trading perspective, layered layout can be implemented under such market structure:

Aggressive traders can look for long positions in the range below 85500-85000, setting 84500 as the stop-loss point, with take-profit targets at 86500, 87500, and 89000. If the risk tolerance is relatively conservative, they can choose to layout long positions in the range of 83700-83300, with a stop-loss at 83000 and take-profit targets at 84500, 86000, and 88000.

The bearish layout is also divided into two levels. If looking for short-term pullback opportunities, a short position can be established in the range above 88000-88500, with a stop loss set at 89100, and a quick take profit target at 87000 and 85500. The conventional approach is to build short positions in the range of 90800-91500, with a stop loss at 91800 and target prices of 89800 and 88500.

Overall, the current market still needs to pay attention to the performance of the support below, the willingness of long positions to hold is relatively weak, and the risk of a second downward test after a short-term decline needs to be closely monitored.