89368402064 Evening Insights:
Yesterday's cryptocurrency market was still filled with wailing, but today you see laughter and joy in the cryptocurrency market, toasting and singing.
After a good sleep, it feels like nothing has happened, and after another sleep, it feels like a lot has happened. Next time you encounter such market conditions, just sleep a few more times.
I don't know how many people left this circle after the drop over the weekend. Here, I advise everyone not to trade emotionally. Because when you're not calm, you can't make the right judgment; you'll just be anxious to recover losses, ignoring the risks.
If this continues for a long time, not only will you feel very tired, but your funds will also take a significant hit, and you won't even have the chance to turn things around, and you may be completely eliminated from this circle.
🤝
Speaking through the chart: For Bitcoin's hourly level, look at the two spikes indicated by the white arrow. If Bitcoin's hourly level is going for a double top, the two positions marked by the yellow line are currently Bitcoin's resistance levels.
If it doesn't break through and stabilize, Bitcoin will never be able to continue rising, especially at the position circled by the white box. Some people like to short on the left side at the top; you can open short positions in batches at these two positions for a pullback, just place a stop loss upon breaking and stabilizing. Left-side trading must be treated with caution.
There is no 100% correct trading; it's all about probabilities. Those who understand trading will have a slightly higher accuracy than those who don't, that's all.
🤝
Bitcoin breaks through 105678 with volume, chase long on the right side, if it drops below 104880 with volume and fails to recover, chase short on the right side; pay attention to volume changes.
Bitcoin's hourly level breaks and stabilizes at 105511 looking up at 106067-106505-107263. As long as it can break through 106067, Bitcoin still has a chance to touch 107263.
At the 4-hour level, breaking below 104586 will go down to test these two positions 103372-102278. If it doesn't break 103372, then there's no issue.
Continuing with the chart: Bitcoin's hourly level Fibonacci 1:1 upward target position has perfectly arrived. Currently, the extreme for Bitcoin I can see is at the 1.618 position, 106798. If you have a long position, take profits when you should, wait for new trading opportunities to enter, keep a good stop loss, and adjourn.