Daily Market Analysis – BTC After yesterday’s post, the market showed a sudden spike movement, which made it hard to profit from short-term positions. However, the short-term 1:2 average price was at 113411, and the rebound in the evening provided an opportunity to exit above cost, so no losses were incurred. The sharp drop around midday yesterday disrupted the 4H structure’s previous bottom-building upward trend, both in terms of timing and position, shifting the price’s operational focus back to the bearish side. This means that during the subsequent upward movement, new resistance structures were formed on top of the original resistance. Long positions in the current area and higher regions carry significant risks and are not recommended. From the low point of yesterday’s spike to the current rebound high, any fluctuations within this range are invalid movements. Only after breaking out of this range should risks be considered. If there’s a clear downward breakout, you can consider buying the dip. Reference points are as follows: Short-term resistance: 113685–114774 (monitor closely). Mid-to-short-term support: 110731–109440 (monitor for long-term setups, aim for 1:2). Second support: 108687–106210 (1:2 can be set, best paired with mid-term bottom divergence). Aggressive practice trade: 112760–112350, stop loss at 111730, take profit at 113300 or within the short-term resistance range. If there’s no significant profit margin, you can skip the trade. Note: The 12H MA250 between 111975 and the main control line at 110930 provides short-term support but lacks clear trending space. It’s only suitable for 1H or lower-level lifeline strategies. Quick in-and-out scalping traders can use this as a reference. $BTC