Yesterday, the BTC market experienced a wave of volatility, perfectly validating our previous analytical approach. Looking back at yesterday's layout, we clearly pointed out that the support level was around 114500, suggesting to go long in the 114300-114500 range, while also indicating that after a significant drop, we should first look for a rebound for recovery before seeking opportunities to short.

In the afternoon, BTC dipped to around 114000, with long positions successfully entered near 114300. In the evening, the price surged to around 116000, allowing for a stable profit of 1700 points. Subsequently, BTC quickly fell back to 113800. If one continued to go long at 114300, the price would have risen above 115600, yielding another 1300 points in profit for the bulls. With two long operations, a total profit of 3000 points was achieved, bringing considerable returns to investors who kept up with the pace.

Looking at today's market, yesterday's overall trend showed a downward movement. During the early hours, BTC encountered major cyclical trend resistance around 118800, followed by a continuous decline. After experiencing wide fluctuations in the evening, it dipped again in the morning, falling below 112800, with a drop exceeding 6000 points. As analyzed earlier, under a firm bearish mindset, short positions have generally been profitable.

From the current trend, BTC is operating within a triangular range of 112800-116800. Intraday operations should focus on the trend support level near 112800. If a pullback occurs in the 112500-112800 range without breaking this level, long positions could be considered; if it breaks, then look down at the integer level of 110000. On the upside, attention should be given to the horizontal resistance near 116800; if there’s a rebound in the 116800-116500 range without breaking this level, consider laying out short positions; if it breaks, then look up to around 118300 before considering entering short positions.

Technical analysis also provides clear signals. The daily Bollinger Bands are opening, and we have consecutively closed 5 bearish candles. The strategy focused on high shorts from yesterday again yielded bearish candles, as expected. After a significant drop, we should first look for a rebound recovery in the intraday market, with short-term operations focusing on pulling back to long. However, the larger trend is still bearish. The 6-hour chart has continuously closed 6 bearish candles, previously running along the lower band; if a bullish candle forms around noon, we can expect more upward space in the day, with the target being the middle band around 116800, where we can then consider going short. The 4-hour chart formed a doji star in the morning, with prices returning above the lower band, and a red 9 appearing below the TD indicator, indicating a clear bullish trend. The intraday focus should be on rebounding to the middle band around 116500 before going short. Additionally, the RSI and MACD indicators show some rebound signs, but the overall market is still in a downtrend, with bearish strength temporarily prevailing, and the market may maintain a weak oscillating state.

In summary, for intraday operations, first grasp a rebound recovery in the market, and wait for suitable points to layout short positions. The overall trend remains focused on shorting at high rebounds.

Today's specific operational strategies are as follows:
1. Go short in the 116800-116500 range, targeting 115000-114000, with a stop loss at 117300.
2. Go long in the 112500-112800 range, targeting 114000-115000, with a stop loss at 112000.

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