$BTC Evening Viewpoint:
We also don't know what this big pancake is trying to do? It has been consolidating and fluctuating here, neither going up nor down, just swaying. On this big Wednesday, there was only a 300-point fluctuation, which is even less than the weekend's volatility. Over the weekend, large traders buy and sell, and there can be fluctuations of 800-1000 dollars; what kind of market is this?
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Looking at the chart: the big pancake at the hourly level is about to form an expanding megaphone pattern. If it is to form an expanding megaphone pattern, the big pancake will keep oscillating around the upper and lower boundary lines of the megaphone.
Moreover, the fluctuations will be larger as it progresses because the opening of the megaphone pattern gets wider in the second half, until it breaks through or falls below the upper and lower boundary lines of the megaphone; only then can we consider the megaphone pattern to be completed.
However, whether it follows the megaphone pattern or not, there will be fluctuations, and having fluctuations is better than not having any. Everyone should try to sketch this megaphone pattern and can perform high sell low buy actions around it.
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The big pancake breaks through 105458 with volume, pursue long positions on the right side; if it breaks down through 105274 with volume and cannot reclaim, pursue short positions on the right side, pay attention to observe changes in volume.
If the big pancake can break through 106091 and stabilize, look up to 106766-107440; the big pancake is preparing to surge upwards.
At the 4-hour level, if it breaks down through 105072, look for a pullback to 104040-103250; currently, 105072 is a critical position. If it holds steady, it will oscillate upwards; if it breaks down, it will go down.
Continue to look at the chart: the big pancake at the hourly level is currently in this box mode, and the big pancake has been consolidating around the midline of the box during the day, indicating that there is support at the midline preventing the big pancake from continuing to fall. Since we don't want the big pancake to fall, let's rally up! Everyone should develop a good habit of setting a stop loss when opening positions, and disperse after the meeting.
