$BTC Evening Viewpoint:
Are you all a bit excited again, thinking you missed out on a big opportunity? Don't be too excited; there are opportunities every day. Missing once or twice doesn't matter, right? As long as you have capital, not losing is gaining. Don't feel like you've missed a billion; you shouldn't be anxious. The market won't just keep rising; there will be pullbacks. If you haven't entered yet, just observe; there will always be an opportunity for you to get in, but don't rush to enter for fear of missing out. Thinking like that will only lead to losses.
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Talking through the chart: The current RSI for Bitcoin at the daily level has reached the overbought zone, which is a dangerous signal. This doesn't mean that as soon as RSI hits the overbought zone, it will immediately drop; it only indicates that the probability of a drop exceeds that of a rise, or that a pullback is likely.
Right now, I will not chase the long positions; I would rather miss out or short at the highs, or wait for a pullback to go long; I will not chase long positions now.
Bitcoin at 100587 shows a false breakout pattern, and a pullback to 97573 is a long opportunity; these two orders belong to the left-side orders and should be taken lightly. At 99433, a strong volume breakout failed to recover, watch for changes in volume.
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If Bitcoin can break and hold above 100339 at the hourly level, we can look towards 100835-101402; if it doesn't go up today, then it's not going up.
At the 4-hour level, if it breaks below 98721, the target below is 97389-95708; whichever direction gives a signal first, go with that. Choose one direction to trade, set a stop loss, and that's it.