$BTC Evening View:
The big pie broke the new high the day before yesterday, and created a new high again yesterday. Will it reach a new high tonight? I don't think it will.
Tonight, it should move in a fluctuating consolidation mode; the big pie needs to take a break. It can't keep rising indefinitely.
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Talking with the chart: Pay attention to the yellow arrow pointing to this bullish candle on the 4-hour level. Before it breaks through or falls below this bullish candle, the big pie will continue to move around this bullish candle in a pregnant line pattern. Only after it breaks through or falls below this bullish candle will it establish a direction. You can also perform high selling and low buying actions around the highest and lowest prices of this bullish candle.
The big pie will break through 111213 on the right side with volume to chase long, and if it breaks down with volume at 110713 and rebounds without recovering, then chase short on the right side. Pay attention to changes in volume.
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If the big pie can stabilize above 111606 on the hourly level, it will challenge 112586-113279 upwards, which is not an easy task.
On the 4-hour level, if it falls below 110447 and the closing price on the 4-hour level is below 110447, it will need to pull back to 109181-107981.
Continuing to look at the chart: The big pie on the hourly level needs to form a W-bottom pattern. It must break through the neck line marked by the yellow box in the chart at 111837; only after breaking through and stabilizing at 111837 can the W-bottom pattern on the hourly level be established. Otherwise, it is invalid, so set stop losses and disperse.