$BTC Evening Viewpoint:
Can the big pancake continue to surge upward to touch a new high and create a higher peak? No one can give you a clear answer.
At least right now, I don't see any signs of decline for the big pancake, nor do I see any top signals. Don't let subjective thinking affect your judgment ability.
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Speaking with charts: The big pancake on the hourly level is currently retracing to the Fibonacci 38.2 level. If this level can hold, it will continue to consolidate upward, indicating that the big pancake is very strong.
If the 38.2 level cannot hold, the big pancake will drop to the 61.8 level to seek support, which is within the normal correction range.
A volume breakout above 103294 on the right side is a buy signal; if it drops below 103158 with volume and fails to recover, it is a sell signal. Pay attention to changes in volume.
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If the big pancake can close above 103737 on the hourly level, the target positions above are 104384-104997. Let's see if the big pancake can break through.
On the 4-hour level, if 102353 is broken and the rebound cannot recover, watch for a pullback, looking down at 101425-100673.
Continuing to look at the chart: On the 2-hour level, if a W bottom pattern is to be formed, it must break through 104920. Only by breaking through the 2-hour level of 104920 can the W bottom be considered initially formed, allowing for a view towards the previous high or a new high; otherwise, the 2-hour W bottom will no longer exist. Set your stop-loss properly, and that's it for the meeting.