After the high bullish candlestick in BTC, there was a dive occurring for the first time today in a smaller timeframe, indicating that the divergence between bulls and bears has further intensified.

From the daily chart perspective, the large bullish candlestick after consecutive rises can easily exhaust the bullish energy, and the accumulated profits in the short term will be more sensitive, likely triggering a series of sell-offs with any slight disturbance.

The rise in the daily chart corresponds to adjustments in the daily chart. Existing positions should take the opportunity to gradually take profits, while new positions should wait for adjustments before entering.

From the 4-hour chart view, after the price jumped up, there was unusual activity in the volume this morning, and this evening's dive seems more like a continuation of the bulls' ineffective defense during the day. Attention should be paid to whether the smaller timeframe moving average system has a supportive role; otherwise, we must guard against potential turning points in the local trend.

Of course, there is generally bullish support below, and the current pullback is localized, not trend-based. During this pullback, there can be opportunities to seize rebounds in succession.

From the hourly chart and lower timeframes, the intra-day trend is already quite clear, with the price's operating center in the smaller timeframe starting to sink. Today's high is likely a short-term local high. For the existing medium to long-term positions, appropriate reductions should be made. After the pullback, support can be gradually seized for rebounds, but it is still not the right time for medium to long-term bottom-fishing. It is important to understand this distinction.