$BTC Evening View:
You say Bitcoin is strong, but it hasn't broken through the key resistance level of 106800. You say Bitcoin is weak, but it hasn't fallen below the key support level of 105000. It is swaying at this indecisive position, and it seems like something big is about to happen. Bitcoin has already attempted to break through the 106800 level twice without success; the first time it reached 106200 and faced resistance before falling back, the second time it reached 106580. If it attempts to break through 106800 two more times without success, a correction will be Bitcoin's only option.
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Speaking through the chart: On the daily level, Bitcoin exhibits a head and shoulders top pattern as drawn in the chart. If this head and shoulders pattern appears, it indicates a bearish outlook for the future.
However, currently, Bitcoin has not yet formed a head and shoulders top pattern on the daily level. This is my personal subjective view.
For Bitcoin to form a head and shoulders top pattern on the daily level, it has only completed half of the pattern; the other half is yet to be completed.
Once the head and shoulders top pattern forms on the daily level, the downward pressure in the future will be quite terrifying, so it is definitely wise to prepare in advance.
The only way to break the situation and prevent Bitcoin from forming a head and shoulders top pattern on the daily level is to break through the previous high and create a new high. Otherwise, Bitcoin must follow the path of forming a head and shoulders top on the daily level; we will see after two weeks.
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Bitcoin broke through 105927 with volume and continued to chase long positions on the right side; when writing strategies, it broke through not because it couldn't, but because it didn't want to.
For conservative players, you can wait for a pullback to 105927 before going long; aggressive players can just chase it directly.
If it breaks below 105477 with volume and fails to recover on the rebound, watch for changes in volume and set your stop-loss accordingly.
On the hourly level, Bitcoin must stabilize above 106854 to see target levels above 107678-108357. Bitcoin must hold steady at 106854.
On the 4-hour level, if it breaks below 105892, it will look down towards 105207-104148.
Continuing with the chart: Bitcoin has successfully broken through and stabilized above the 4-hour EMA50 moving average. Here’s a simple trading method: you don't need to look at this and that.
Just adjust the EMA moving average, and look at the 4-hour EMA50 moving average; when it breaks and stabilizes, you go long; if it breaks below the EMA50, you go short. However, you must have the patience to wait. If you can't wait, this method may not be suitable for you and could even backfire. Meeting adjourned.