Bitcoin:

Some students say drawing lines is useless, and they say if drawing lines were useful, we would all be financially free. It's not that drawing lines is useless, it's that you don't know how to draw them, or the lines you randomly draw are useless, which is why you think drawing lines is useless.

So I want to ask you: what do you think is useful? What do you rely on for trading? Is it tossing a coin, blind guessing, or rock-paper-scissors? Or do you think that if it has gone up a lot, it should come down, and if it has gone down a lot, it should go up?

So let me give you a piece of advice: you are still struggling in the pile of leeks and have not progressed, staying in place without growth. When you grow from a leek into a leek flower, you will know whether drawing lines is useful or not.

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Talking with pictures:

The daily EMA 20-day moving average has successfully stabilized, and all the daily EMA moving averages are diverging upward.

This indicates that the bulls are very strong. The current EMA 20-day moving average is the most powerful support at the daily level. As long as it retraces and does not break below the EMA 20-day moving average, the Bitcoin daily level will maintain a strong bullish state. It can break upward at any time; it just depends on when it wants to break.

The MACD fast and slow lines at the daily level have returned to running above the zero axis; now it's the bulls' world.

However, the MACD fast and slow lines are still very close to the zero axis. If we can pull the market to move the MACD fast and slow lines further away from the zero axis, it would be more stable.

👿

With volume breaking at 107440, chase long on the right side; if 106886 breaks down with volume and then rebounds but can't recover, chase short on the right side to catch the pullback, and set a good stop loss.

At the hourly level, breaking and stabilizing at 107498 looks up to 108127-109027; if 109027 breaks, it must touch 110,000, because there is 500 million of short liquidity waiting to be cleared around 110,000.

At the 4-hour level, if 106335 is broken and cannot quickly recover, it will need to retrace to 105269-104070. If the retracement does not break 105269 and consolidates a bit, it will continue upward.

Continue looking at the chart: you can't see it at a larger level, but can you see all the highs and lows being raised at the 15-minute small level? Do you still want to short? Be cautious about shorting until a lower low appears. Do not short at the position indicated by the yellow arrow if it does not break; it might take you away in one wave. Pay attention to the changes in volume, and that's all.