Daily Market Analysis – BTC The rebound high for BTC today stopped right at the red circle we drew yesterday. After a standard bullish candlestick appeared locally, it’s unlikely to see a sharp drop in the short term. However, the mid-to-long-term structure is under multiple layers of resistance, which means this rise lacks continuity and space—this is a given. Quoting what Sugar Bro mentioned in yesterday’s article: This rise is merely a return to the previous structure’s consolidation. Ultimately, it may either fall back to a lower level or enter a prolonged consolidation phase at this level. Based on the above information and comparisons, Sugar Bro believes that the current position and the bullish strategy above it are not worth participating in, including breakout points. As for chasing higher prices in the short term, that would be even less rational. The focus should be on levels to go long after a pullback, as well as low-buy opportunities in the horizontal consolidation area or below the starting point of the rise. Short-term support: 111298~110940 (monitor closely for trades). Second support: 109797~108940 (look for quick rebounds during sharp drops). If the price reaches the upper levels mentioned earlier and there’s a sudden move, the major support levels provided previously remain valid. Short-term resistance is in the current area: 112320~112690. Potential divergence point higher up: 113520~114198. BTC