$BTC Evening View:
Before the big pie finds its direction, let's just keep oscillating! Whenever the students are all shaken out, that’s when a direction will emerge.
Students, switch to the hourly chart and take a look: are the highs decreasing and the lows also decreasing?
Currently, there are no higher highs, and there are no lower lows, so why is it not oscillating?
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Let’s talk through the chart: For the big pie to attempt a W-bottom pattern on the hourly level, it must break through the neck line marked in yellow at 108548; if it can’t break through the hourly W-bottom, it cannot be established.
If the big pie breaks 108370 with volume, go long on the right side to catch the rebound. If it breaks down 108121 with volume and fails to recover, go short on the right side. Pay attention to the change in volume and set proper stop losses.
If the big pie breaks through and holds above 108514 on the hourly level, we can look up to 109414-110247; if it can't stand above, it’s of no use.
On the 4-hour level, if it breaks below 107554, look down to 106741-105928.
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Continuing to look at the chart: On the daily level, is the position marked in yellow a bearish engulfing? This is indeed a bearish engulfing at the daily level.
If in the next few days this bearish engulfing at the daily level cannot be broken, it will be very dangerous. It is said that the longer the horizontal, the higher the vertical; I see that this wave will not stop until it clears out the bulls due to this negative news about tariffs, so students should pay attention to risks and adjourn.