The BTC small-scale trend is in a continuous decline on the bearish side, but the large-scale has reached support. This is reflected in the market, and the hourly and lower levels may form a local bottom structure in the coming days.

Key point: The 12H serves as a medium to long-term indicator; its support can be well defended for a longer period. During frequent fluctuations, one can also participate multiple times in long-term views and short-term operations. However, if a break occurs, the first rebound should be exited, leaving room for lower space-type long points.

Short-term resistance at 111630~112960 (no breakthrough), second resistance at 114244~115140 (important resistance within the structure), short-term support at 109143~108760 (quick in and out), second support at 115850~114170.