Daily Market Analysis – BTC The previous levels perfectly captured BTC's needlepoint. Took profit as suggested this morning—everything is just right. The current mid-term market rhythm is still within a downward wave pattern. To break it down, this is a local corrective pullback after an overbought phase within a larger bullish trend. This pullback is healthy, but there’s no clear bottoming or probing structure locally. So, the immediate upside is limited, and the downward structure is still ongoing. Safe entry points will require prices to gradually hit new lows before acting. Reference levels are as follows: Short-term support: 119535~118950 (quick in and out) Second support: 118120~116850 (1:2 ratio can be set) Short-term resistance: 122790~123300 (monitor closely, not for breakout trades; selling pressure starts at 128890) Note: The above levels are for independent trading ranges—do not combine positions. BTC