$BTC Evening Perspective:
The big pancake has started to surge upwards again. Will it be able to successfully break through this time? Let's wait and see! It better not spike up and then drop back down!
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Speaking of the chart: The big pancake has now reached a key resistance level, hopefully it can hold steady at 95700.
Looking at the 4-hour chart, the white arrow points to this bearish candle trying to break through, but looking downward, the volume indicated by the white arrow hasn’t shown an increase with volume; rather, it has been a shrinking volume rise.
Such a rise with shrinking volume won’t last long, and it can easily go up and then come down, and it can easily form a top divergence on the 4-hour chart.
That would not be good to see. To resolve this issue, a volume breakout is necessary; otherwise, it’s useless.
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If the big pancake breaks through 95465 with volume, those who are bold and enjoy gambling can chase long positions, while the more cautious ones can just watch.
If it breaks down through 95009 with volume and fails to rebound, pay attention to the volume changes and keep your stop-loss in place.
For those who like to short from the left side, keep an eye on 96578 for a short position; if it breaks and holds above 97328, just set a stop-loss.
If the big pancake holds steady at 95765 on the hourly chart, look for target positions above at 96208-96756, if it stabilizes, we can look upwards.
On the 4-hour chart, if it breaks down through 94972, look down at 94230-93488. The US stock market hasn’t opened yet, and the big pancake is about to break upwards; what’s going on? When things are unusual, there must be something odd. Everyone should be cautious, and the meeting is adjourned.