$BTC Evening Viewpoint:
The market can’t hold on any longer, right? Since you can’t hold on, come stay with me, I’ll provide food and accommodation! I’ve been emphasizing that I see a pullback these past few days; I wonder if everyone has been paying attention to my strategy.
The pullback of the market was expected, not a coincidence.
Because the breakout level of 98000 was not breached, what else would it do if not pull back?
🙀
Let’s look at the chart: all the high and low points on the hourly chart are decreasing, and new lows are constantly being created. Do you still want to go long?
Unless it can create higher highs, it doesn’t fit the logic of going long; otherwise, it’s a short. I wonder if everyone remembers what I said the day before yesterday? I said: when the bears are convinced and join the bulls, that’s when a pullback will happen, and that’s exactly what happened.
When the market breaks below 95373 with volume and fails to recover on the right side, it’s a signal to short; when it breaks above 95639 with volume, it’s a signal to go long, taking rebounds not reversals.
🙀
The market needs to hold above 96110 on the hourly chart to move upwards, with target levels at 96724-97276, but it looks a bit difficult.
On the 4-hour chart, breaking below 95206 looks downward to 94308-93355, with the Fibonacci 1:1 pullback target on the hourly chart at 94422. If the market pulls back deeply to the 1.618 level at 93159, it also fits expectations. Pay attention to the changes in volume and set stop losses appropriately.
The market also needs a decent pullback; otherwise, it will be hard to continue the upward sprint. Meeting adjourned.
