$BTC Evening Perspective.
Some students say drawing lines is useless, and they claim that if drawing lines were useful, everyone would be financially free. It’s not that drawing lines is useless; it’s that you can’t draw lines, or the lines you draw are useless, which is why you think drawing lines is useless.
So I would like to ask you: what do you think is useful? What do you rely on for trading? Is it flipping a coin, blind guessing, or rock-paper-scissors? Or do you think that if something has risen a lot, it should fall, and if it has fallen a lot, it should rise?
Here’s a piece of advice: you are still struggling in the pile of chives, and you are just treading water without growth. When you grow from chives to chive flowers, you will know whether drawing lines is useful.
👿
Speaking with images: The daily EMA 20 moving average of Bitcoin has successfully stabilized, and all the EMA moving averages on the daily level are diverging upwards.
This indicates that the bulls are very strong. The current EMA 20 moving average is the most powerful support for Bitcoin on the daily level. As long as it does not break below the EMA 20 moving average, Bitcoin will maintain a bullish strong status. It can break upwards at any time; it just depends on when Bitcoin wants to break out.
The MACD fast and slow lines on the daily level have returned to run above the zero axis; this is now the world of the bulls.
However, the MACD fast and slow lines are still very close to the zero axis. If we can pull back a bit, allowing the MACD fast and slow lines to move further away from the zero axis, that would be more stable.
👿
Bitcoin volume break above 107440, continue to buy on the right side. If it breaks below 106886 with volume and fails to recover, short on the right side to catch the pullback, and manage your stop-loss.
Bitcoin on the hourly level has broken and stabilized above 107498, looking upwards at 108127-109027. If 109027 breaks, we must aim for 110,000, as there is a liquidity of 500 million in shorts waiting to be cleared around 110,000.
On the 4-hour level, 106335 has been broken and cannot quickly recover; we must pull back to 105269-104070. If it does not break 105269 during the pullback, it will consolidate and continue upwards.
Continuing to look at the chart: you may not see it on a larger scale, but in the 15-minute small scale, all the highs and lows are rising. Do you still want to short? Be cautious about shorting until a lower low appears. Do not short if it does not break the position indicated by the yellow arrow; it may take you out in one wave. Pay attention to changes in volume. Meeting adjourned.