$BTC Evening Perspective:
It's really crazy even on the weekend! The weekend is not quiet either. Fortunately, the conflict happened over the weekend; if it had happened on a weekday, who knows how much it would have dropped?
As long as the conflict does not escalate, after a day's consumption, it might bounce back tomorrow; anything is possible. So everyone don't be too pessimistic, don’t sell on the downturn and buy on the upturn, go with the flow.
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Talking through the charts: Looking at the daily chart of the big pie, if the big pie is going to make a three-pin bottom on the daily chart, it absolutely cannot break the box drawn in the picture. Once it breaks this box on the daily level, the big pie will go to the range circled in white on the left side, and then we can announce that this wave of rise has ended.
Retail investors in a panic sell-off may go to even lower positions, and then we don't know how long it will take to consolidate before recovering.
The MACD slow line on the daily level of the big pie is very close to the zero axis, about to go below the zero axis; hopefully, the big pie can pull a wave to keep the slow line away from the zero axis. Otherwise, if both the fast and slow lines go down below the zero axis, it will be up to the bears to dictate the game; the bears can play however they want.
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The big pie breaks through 102671 with volume to go long on the right side; if it breaks down through 102268 with volume and cannot recover, go short on the right side, and set a good stop loss.
On the hourly level, if the big pie can break through 102924, look up at 103761-104607; if it can’t go up, it’s still useless.
At the 4-hour level, if it breaks below 101489, look at the target positions below 100823-99931; breaking below 100823 indicates that the big pie is very weak.
Continuing to look at the chart: On the hourly level, the big pie rebounded to the Fibonacci 38.2 position and faced resistance before falling back. If the big pie can break through 38.2 and stabilize at 61.8, this wave of decline will end; everyone should pay attention to the 61.8 position of 104310. If it cannot break through 61.8, there is still a risk of a second test. Pay attention to changes in volume, and that's a wrap.