$BTC

Continuing yesterday's view, simplifying the chart. (Because I play medium to long-term, I draw more casually; only when the trend judgment is correct will the win rate increase)

By the way, to accurately draw trend lines, a simple method is the Fibonacci channel (Figure 2), where the lower edge of the ascending channel serves as the support trend line (the upper edge can rise above, the lower edge can break down and reverse), and the upper edge of the descending channel serves as the resistance trend line (the lower edge can drop below, and the upper edge can break through and reverse).

The 4-hour trend seems to be forming a perfect Elliott wave impulse, with strong pressure in the middle of wave 5!