$BTC Evening Viewpoint:
As mentioned at noon, let's first sketch a small door for the big pie! The small door is also finished, but the price at which this door was drawn did not meet my expectations.
I thought the big pie would reach 91000!
Unexpectedly, it only reached 91600 before pulling back, and now the big pie has entered garbage time, stuck in a position that's neither high nor low.
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Let's talk through the chart: The Fibonacci retracement 1 to 1 target position for the big pie on the hourly chart is 91200, and it's just a little short of hitting it.
Let's consider it barely hit! Next, we'll wait to see if the big pie will test the 91600 position again. If it can hold up during the next test, it will move upwards. If it can't hold, it's highly likely to test the Fibonacci 1.618 position, which is around 89343 here.
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For the big pie, break out with volume above 92541 and chase the long side; if it breaks down with volume at 91936 and cannot recover, watch for the short side. Pay attention to changes in volume.
On the hourly level, we first need to stabilize above 92888 before looking up at 93277-93815; if it can't stabilize, don’t look upwards.
On the 4-hour level, if 91715 breaks down and cannot recover in time, then look down at 90558-88898, which won't look good.
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Continue to observe the chart; particularly pay attention to the lowest point of this bullish candle marked by the yellow box on the 4-hour level, which is 91000.
If a large bearish candle appears on the 4-hour level and engulfs this bullish candle, then this wave of upward movement is basically over. If the low of this bullish candle is not broken, it will continue to move in a sideways pattern until it breaks out or falls, and then it will determine the direction. Meeting adjourned.