Daily Market Analysis – BTC Yesterday’s main idea was to watch out for BTC’s potential spike and pullback. The strategy of shorting at highs and buying at lows worked perfectly. Those following Sugar Bro should have easily avoided the drop from the high levels. The rally during the entire National Day holiday has undoubtedly extended BTC’s stay at higher levels. However, with the appearance of yesterday’s 'downpour' pattern, the market is now shifting into a consolidation phase in the short to mid-term. In the upcoming market fluctuations, the key battle will be between short-term selling pressure and large-scale bullish momentum. Safe buying points will only appear after new lows are hit, and even then, they’ll be localized rebounds requiring quick in-and-out trades. Otherwise, only consider shorting during the secondary spike. Reference levels are as follows: Short-term resistance: 124480–125150 (no breakout trades) Short-term support: 119699–118910 (watch closely, quick in-and-out with a 1:2 ratio) Mid-term support: 117950–116290 (1:2 ratio, can set pending orders, not within the current range, overnight positions allowed) BTC