Daily Market Analysis — BTC In the last two posts, Sugar Bro suggested a bearish outlook for BTC but advised against shorting. The weekly chart shows this is just the first rebound after testing the MA30, with more upward potential. Reflected on the daily chart, there’s a potential W-bottom structure forming. Last night’s rally further solidifies this perspective. Looking at the market from today’s standpoint, the upward move on the right side of the daily W-bottom extended yesterday, which increases the success rate of low-buy opportunities during the subsequent neckline retest. Continuing with the W-bottom strategy, the ideal buying point will emerge after consolidation or a pullback on the 12H or higher timeframe. The current moment isn’t suitable for buying during consolidation. For today, we’ll first set pending orders for the neckline retest, focus on local rebound trades, and consider two short-term short positions. Reference levels are as follows: **2H Strategy:** The 15-minute divergence combined with the current price action within a larger resistance structure suggests we should wait for a pullback followed by consolidation. Monitor the price around 114169–113730 for quick in-and-out trades. Last Friday, Sugar Bro recommended a bearish outlook but advised against shorting. Today, the suggestion is to go long but avoid chasing highs. Mid-to-short-term support levels are 111888–110720 (can set pending orders), short-term resistance levels are 118040–118696, and secondary resistance levels are 120610–121240. **Note:** Previous major support levels have proven effective even during extreme market conditions. Bulls can actively buy at these levels. This strategy will not be reiterated in the future. $BTC