$BTC Evening Viewpoint:
Bitcoin is really strong, the market has become lively as the situation improves. A student just asked me if Bitcoin can return to around 90,000, and I have to answer that it can. Because this wave of Bitcoin's rise was driven up without any positive news.
Unless it keeps rising, whenever negative news appears, it may fall even faster than it rises.
The fact that this student can ask whether Bitcoin can return to around 90,000 makes me think that you must have missed this wave of increase, or you are still holding a short position. Otherwise, you wouldn’t be asking if Bitcoin can return to around 90,000. If you have been in the market during this rise, you would be asking if Bitcoin can go to 120,000.
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Let’s talk with the chart: Bitcoin's 15-minute small level high is decreasing, and the low is also decreasing. If there can’t be a higher high, first, we may see a small level 15-minute pullback, then expand to a 1-hour level pullback, and a 4-hour level pullback.
The market will not keep rising, because that would be an unhealthy trend, so students should not be overly optimistic.
Bitcoin broke through 104,278 with volume, chase more on the right side, take some profits on short-term trades and run. If it breaks 103,795 with volume and cannot recover, then chase short on the right side. Pay attention to volume changes and set stop-losses properly.
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For Bitcoin on the hourly level, breaking 105,832 and stabilizing, look up to 105,792-106,489. My limit can only see 106,489.
On the 4-hour level, breaking 103,290, watch the target positions below: 102,381-101,679.
Continuing to look at the chart: Bitcoin's hourly level yellow arrow points to this bullish candlestick that has been broken, but it has recovered. Is Bitcoin strong? Moreover, Bitcoin is currently under pressure from the Fibonacci 61.8, if it breaks through, it will continue to surge to 105,000. If it pushes a bit harder, it may touch the 1.618 position, which is 106,054. If 106,054 is broken and stabilized, then the mission to reach 110,000 will be accomplished, so do not be overly bearish, meeting adjourned.