Recently, the Bitcoin market has shown a volatile consolidation trend. On the daily chart, a small bearish line with a lower wick has appeared, and the trading volume has increased compared to the weekend but remains within the normal range. Although the price has rebounded near the daily EMA52 moving average, the strength is insufficient, indicating that the adjustment phase has not yet ended.

From a technical perspective, the daily chart shows a top divergence pattern, with the closing price falling below the MA30 moving average, indicating that the short-term trend remains unstable. The market structure can be summarized as a daily chart pullback within a weekly rebound, currently seeking stabilization near the EMA52 support level.

For trading strategies, investors may consider attempting short positions near the 2-hour and 4-hour EMA52 moving averages, while setting up long positions near the daily EMA52 and 3-day MA30 moving averages. However, given that the current market is still in an adjustment cycle, it is recommended to closely monitor the effectiveness of key moving average support and whether the rebound can break through short-term resistance levels.

The important resistance levels are 119,900, 125,000, and 138,000, while the support levels are at 114,900, 111,800, 110,260, and 106,430. Investors need to closely monitor the performance of these key price levels.

It is noteworthy that if the divergence on the daily chart level is repaired, the market may welcome a new round of trending行情. However, before that, market participants should remain cautious and closely monitor various technical indicators and market trends in order to adjust their investment strategies in a timely manner.

Overall, the Bitcoin market is currently in a critical adjustment phase, and investors need to remain patient and wait for clearer market signals to appear. During this period, risk management and reasonable position control are particularly important.