From the overall trend of BTC, this area is facing a secondary pullback in a bullish trend, and in the short term, it is expected not to rise and enter consolidation. The corresponding safe buying points should be after the pullback.

From the 12H to daily chart, since the 'heavy rain' pattern appeared on the 14th, Sugar Brother indicated that this might be a local peak. As of now, the internal breakdown and pullback are still ongoing. However, it has also been emphasized recently that this is a pullback within a bullish trend, which is a normal secondary retracement, and downward also corresponds to different levels of buying opportunities.

From the 4H trend, the current situation is a rebound after three consecutive declines, with a certain degree of negative divergence. Based on the existing pattern, the probability of a continuous significant drop in the short term (about 2 days) is low. However, it should be noted that this level is in a bearish trend, and the initial rebound space here will not be very high. It is still advisable to refer to the previous short-term resistance levels.

From the 15-minute to 1H range, the moving average system is generally in a bearish divergence state. After the negative divergence increases, there is hope for some time of oscillation and consolidation near the previous low. However, in the short term, there is no structure for bulls to launch a counterattack, and the upper resistance is shifting down. It is better to wait for opportunities near the previous low or after refreshing the low point.

Summary: The current market situation is in a secondary pullback within a large-scale bullish structure, and in terms of time, it is still slightly ahead in the mid-pullback. The small scale also has no structure for a stop-loss counterattack, and it is expected that the adjustment will continue, waiting for new entry opportunities when further declines occur (waiting for a drop followed by a rise).

Short-term resistance 115240~116116, if it reaches resistance first, do high sell on 30-minute MA250, then do low buy on 1H and below MA30.

Short-term support 112310~111900 (slow drop, fast entry and exit), second support 109080~107376 (can place orders).