$BTC Evening Viewpoint:
Are all of you students wondering if this time you can buy the dip? You can buy the bottom, right? Let me give you a piece of advice: do not buy the dip, do not buy the dip, do not buy the dip. I will say it three times because it's important.
The reason is that if you can buy it, then it is not the bottom. No one can truly buy the bottom; bottoms are formed from being trapped, not from buying.
If someone tells you they can accurately buy the bottom, please stay away from them. If they could accurately buy the bottom, they would have been free long ago, why would they still be talking to you? Remember, anything that you can easily obtain is not worth having.
The most important point is that below the key level of 92000-92500, there are these two gaps. Whether they can be filled is uncertain. But please remember, students, there are still gaps below the key level that have not been filled.
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Let’s talk with charts: stop always looking at small time frames; switch to larger time frames and take a look. The 4-hour level for the key asset shows that the highs are continuously lowering, and last night saw even lower lows, indicating that the 4-hour level is starting to weaken.
Currently, the key asset is under pressure from this trend line at 105860 on the 4-hour level. Whenever it can break through this trend line, that’s when the key asset will reverse. If it cannot break this trend line, the key asset is just bouncing, not reversing. The 4-hour level for the key asset has not yet stopped falling; all stop losses will have 2 or 3 downward spikes. It can only be considered a stop when it does not break the previous low. So don't rush, be patient and wait! If you want to trade, just play around with ultra-short-term trades.
For the key asset, if it breaks through 103777, you can chase the long position on the right side. If it breaks down through 103450 with volume and cannot recover, then chase the short position on the right side, and set your stop loss well.
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If the key asset can break through 104209 on the hourly level, then look upwards at 105277-106126. Only when it breaks through 105277 can we say the hourly level is strengthening.
On the 4-hour level, if 102957 is broken down, look down at 102392-101513 conservatively. If 101513 breaks down, then we can only see if the 100000 level can hold. If it cannot hold, we might see a panic sell-off leading to a crash.
Continuing with the charts: the 1:1 retracement target position for the key asset at the 4-hour level is 100881, which is over 2000 dollars away from the current price.
It will come in the blink of an eye, and with some bad news, it’s not impossible to hit the 1.618 level with a spike. Students, pay attention to the risks; don't just think about buying the dip because the drop may have just begun. Wait for a structure, observe the changes in volume, and dismiss the meeting.