$BTC Evening Viewpoint:
The major moves that should break have already broken, and the ones that shouldn't have also broken. I wonder how all you bears are doing.
If the bears are unconvinced, please continue to add positions. As long as the bears dare to increase their positions, the bulls will have a continuous source of momentum to keep rising.
Bears can try if they don't believe it. Don't they know that surrendering leads to less punishment? The trend has already changed; shorting can only be done for short-term gains during pullbacks, not for a larger pattern.
🌁
Speaking through the chart: The major coin reached a high of 110653 at 5 AM and paused, only 1300 dollars away from its previous high. Why not push for a spike?
Is it because the major coin lacks the funds to drive it further? Of course not; spending 100 dollars more won't make a difference of 10 or 8 dollars. It all comes down to technical analysis, as the 110723 position is a daily resistance level. Daily resistance levels cannot be broken through easily. To break through a daily resistance level, significant positive news is needed. Or the Federal Reserve's monetary policy needs to be in a loosening phase, which is clearly not the case right now; therefore, positive news is necessary to break through the daily resistance level. If the 110723 daily resistance level is broken, we will directly look for new highs, I assure you.
🌁
The major coin should break through 109425 with volume and then chase long positions on the right side. If it breaks down through 109030 with volume and fails to recover, look for short positions on the right side. Pay attention to changes in volume.
On the hourly level, the major coin needs to break through 109688 before looking upwards to 110386-110842; as long as it doesn’t drop, it’s fine.
On the 4-hour level, if it breaks down through 109057, look down to 108031-106816.
Continuing with the chart: On the hourly level, as long as the major coin does not break the trend line indicated by the yellow arrow, your long positions are quite safe.
Now you can reduce your long positions, as the previous high is already very close. There’s no need to take big risks gambling on a tail end market; if profits pull back significantly, it will be uncomfortable for you.
The bullish candle indicated by the yellow arrow cannot be broken; once it is, it will definitely test the lower trend line.
🌁
The only uncertain factor that could impact the market is the trade talks between Dongda and the Americans, which could cause fluctuations of several thousand dollars in the market. If the talks go well, the market will rise; but if they break down, who knows if they can come to an agreement? I hope everyone is prepared, has proper stop-loss measures in place, and can disperse after the meeting.