Daily Market Analysis – BTC I’m honestly tired of the constant back-and-forth between bulls and bears every day, so today I’ll just keep it simple and give a brief overview of the market! Looking at the range from 12H to the daily chart, the appearance of a big bearish candle overnight has led to a new breakout pattern and changes in the original structure. This limits the short-term price surge potential. As the internal price levels shift downward, the low buy-in points with operational space naturally appear after the price pulls back. From the 1H to 4H chart, after the price rebounded from the short-term support at 111168 mentioned earlier, it experienced a second drop to the rapid dip rebound point at 109480 and below, which Sugar Bro talked about yesterday. This is essentially an oversold range. Following the second rebound to 111168 just now, it signals the end of the oversold rebound correction. There’s a high probability that the price will enter a second regular pullback phase. Currently, the price is in a pullback phase after hitting short-term resistance. On smaller timeframes, the upper resistance is at 112424~113800 (not for breakout trades). Short-term support is at 109910~109280 (preferably slow dips, keep an eye on the market for quick in-and-out trades). Second support is at 108150~106888 (quick in-and-out trades). Long-term support at 104888 can be set as a hanging order. $BTC