$BTC Evening Perspective:
Why do I feel like this market is headed toward a dead end? I can't see any signs of an uptick at all. I don't know if it can hold up when testing 93500 again; I hope it can. If 93500 can't hold and leads to a panic sell-off, the consequences will be serious.
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Let's talk about the chart: Bitcoin on the hourly level is forming the box pattern I drew in the chart. The upper boundary can't break through, and the lower boundary can't drop below it. But I still hope Bitcoin can break through the upper boundary of the box; only by breaking through the upper boundary can it continue to rise.
If Bitcoin breaks through 94346 with volume, go long on the right side; if it breaks 94102 with volume and fails to recover, go short on the right side. Pay attention to changes in volume.
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If it can stabilize above 94557 on the hourly level, it will continue to challenge 95224-95802. Let's see if it gives direction tonight.
If the 4-hour level loses 93600, look down at 92701-91652; I think this is not what everyone wants to see.
Now looking at the 8-hour level, if the white arrow points to this bullish candle and it gets engulfed by a bearish candle, then the decline will really start. How it rises is how it will fall, and it may even drop more. Keep a good stop-loss, and see you later.
