Daily Market Analysis – BTC 09/11 Since Sugar Bro proposed the potential bottoming idea for BTC on September 1, we've seen a breakthrough of the downtrend and a 12H bullish rescue. We've captured several major lows at the internal level. The current market has fulfilled all prior expectations, so it's time to reassess. Looking at the 12H and daily chart trends, the price has reached the <control line> at 115820, where it faces multiple pressures from candlestick patterns and moving average divergence. Expecting significant upward movement and sustainability in this area is irrational, so we need to prepare for potential low buy points after a consolidation pullback. From the 4H chart perspective, if the past few days' trend represents the transition from bearish to bullish, then yesterday's rally marked the end of this transition. A clear neckline has formed at the bottom. Next, the bulls need to focus on building momentum for the right shoulder before initiating a second rally (if the rally happens directly, it may lead to a sharp drop due to exhausted bullish energy, leaving only high short positions). From the 1H and lower-level charts, the consecutive gains indicate the market is currently in a short-term bullish structure. However, no new buy points have emerged in the current range, so further monitoring is required. There's no need to worry about the risk of a sharp drop (active long positions can be taken). Summary: The 4H chart has completed the transition phase from a downtrend to bottoming and stabilization. Next, we should prepare for potential low buy points during the consolidation phase at this level. Short-term support: 114086~113174 (ideal for gradual pullbacks, monitor for 1:2 rebound opportunities). Second support: 111846~110930 (outside the current range, but can set pending orders). Mid-to-short-term resistance: 117550~118510. Note: Aggressive positions can enter at the current price of 115040, with 1:2 replenishment at short-term support and a stop loss at 112718 (1H candlestick body). Take-profit targets may involve sharp rallies but will be fast-paced. Refer to previous highs and mid-to-short-term resistance for selling decisions. $BTC