$BTC Evening Viewpoint:
Is the big cake fierce? Come on everyone, shout with me, "Big cake, you are really fierce! Too fierce, you are a tough guy, all thanks to the air force.
When all the air forces admit defeat and shift their thinking from short to long, the big cake will start to decline. This is a common tactic used by the dealers, focusing on eating up the longs and then the shorts.
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Talking through the chart: On the hourly level, is the big cake going for a double-top probe? If it is going for a double-top probe, then this high point on the hourly level is the top. Let’s see if the U.S. stock market continues to push up when it opens in the evening. If the U.S. stock market opens and continues to push up without making a higher high, then the double-top probe pattern is established.
If it creates a higher high again, it means testing the selling pressure above, and it will continue to break upwards.
The big cake breaks through 103254 with volume, and you can chase the long on the right side. If it breaks down to 102821 with volume and can't recover, you should chase the short on the right side, paying attention to changes in volume.
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If the big cake can stabilize above 103891 on the hourly level, look upwards to 104335-105602, this is the position I can see for now.
If 102385 is broken on the 4-hour level, it will need to adjust, looking down to 101743-100501. If it can't fall below 102385, it will continue to consolidate.
Continuing to look at the chart: The Fibonacci 1:1 retracement target position on the hourly level for the big cake is precisely hit at 102382; the reaction was too fast after the pullback, I didn't have time to respond. As for whether it will pull back to the 1.618 position, I currently think it will not go back to the 1.618 position because the big cake is too strong, and there seems to be no indication of a pullback.
Now the market is very volatile, so you must have good stop-loss measures, otherwise, one spike can wipe you out. Meeting adjourned.
