Daily Market Analysis – BTC 09/04 [The intro is too awesome to show off, so let’s get straight to the point] Looking at the 12H to daily chart, the current movement shows both a breakout above the 12H MA250 and resistance from the downward MA30 at this level. The two are tangled together. So, where is the market headed? Actually, the answer was already given in the article on the 2nd: if it continues to rise, it will require a longer consolidation period; if it pulls back directly, the previous low and the daily MA180 support will hold. From the 4H chart, the market is still in a bearish rebound phase. The layers of resistance above haven’t dissipated, which aligns with the idea that the 12H needs more consolidation. However, since there have already been three major drops, and during the last rebound, there was a shift around the MA30 and the formation of a tower bottom pattern, the short-term market is unlikely to drop much further. Looking at the 1H and lower timeframes, although there are some local breakout signs, the overall trend of the higher timeframes limits any clear sustained movement overnight. A safe entry point will require waiting for further dips. Summary: Higher timeframes show potential to break the downward trend, and after further consolidation, there’s hope for a new rally. However, before the consolidation structure is complete, smaller timeframe operations still need to wait for dips. Previous major timeframe support remains valid. Short-term resistance: 114050~114800 Short-term support: 109950~108930 (slow decline, quick in and out) Second support: 107978~105868 (1:2) BTC