$BTC

Making a summary of the live broadcast is also an interpretation of the subsequent market:

The big coin rose from over 74000 to 118800. During this rising trend, there were three triangular wedges in the four-hour time frame. A triangular wedge, as a continuation pattern, is likely to extend the preceding upward trend.

Starting from the second triangular wedge at 96000, I reached 100000. At the third triangular wedge at 104000, I reached 110000. Now at this position around 111000, there is still a possibility of forming a fourth triangular wedge, as the previous three have validated the unilateral nature of this trend.

Therefore, at this position, as long as there are no drastic drops or surges in the coming days, we will need to build a pattern. This pattern could still be a triangular wedge, so what we need to do now is wait for this pattern to develop and complete. After it finishes, we can make trades based on the direction of the breakout. The triangular wedge could form a reversal pattern, but it is more likely to be a continuation pattern, continuing to rise. Thus, only by waiting for the pattern to develop can we maximize our judgment about which direction it is likely to go. Making trades now is like flipping a coin and blindly seeking the favor of probability.

So be patient and wait a few days. Take my advice to wait for the market or the pattern to complete before we make trades. Do not go long or short now. Chasing long or short positions now is a foolish behavior!