BTC Daily Market Report — 11.5 Daily Chart 1) Just one day feels like a whole week has passed. The 10W level was easily broken. The key point about breaking 10W is that it confirms the top and establishes a clear downward trend. In the short term, the lowest target here is around 982 for now. There will likely still be some consolidation around the 10W level. Later, government reopenings, data releases, and other potential positive news might trigger some rebounds. You can refer to the scenario I sketched out yesterday—it’s roughly along those lines. But the overall trend remains bearish. My initial target is somewhere starting with 8. 2) Yesterday’s drop was mainly driven by spot selling. With all the bad macro news, global assets are falling, and the crypto market is no exception—it’s normal. However, the 10W level still offers some psychological support. Or you could say we’re currently in a stabilization phase after the spot-driven drop. So, looking at the current wick, essentially, this is the start of a new battle between bulls and bears, and the market is waiting for fresh bets to be placed. For everyone, my advice is to stay patient and wait. Hourly Chart 1) After last night’s wick down to 9888, there was another wick this morning, and now it’s consolidating around 1015. 2) Let’s talk about support and resistance levels: Resistance: 105, 107, 110 Support: 10, 98, 94 3) A quick warning: unless there’s an extreme situation or news-driven movement, the price will likely continue consolidating around 10. In this kind of scenario, short-term trading is insanely difficult—it’s better to control your impulses. 4) My personal view: Shorting: Mainly mid-term opportunities. I’m leaning toward shorting near 110. For the short term, I’d consider opportunities around 104–105. Longing: Focus on spot and low leverage. Watch for a rebound after the wick at 982, or buying opportunities after data reversals. In the short term, tonight’s guess is that 10 won’t break, and there’s a chance to test 105 upward. Thanks for following, liking, and sharing. For market discussions, you can join: http://t.me/pabuer