$BTC Evening Viewpoint:
Trump and Old Horse have started arguing again. The costs incurred from their quarrel will be paid by Big Pie and the wallets of all the students. Moreover, the more intense their argument gets, the harder Big Pie will fall.
As the saying goes, two tigers can't coexist on the same mountain, unless one is a male and the other is a female. When two tigers fight, one must be injured, and that injury must be Old Horse. If Old Horse cannot pull back from the brink, the final result will be the reappearance of the disappearing technique.
Therefore, as the saying goes, if one doesn’t seek death, they won't die; if one insists on seeking death, no one can stop them, pocketing two coins without knowing what is going on. It's important to clarify one’s identity; trying to compete with a man who has the disappearing technique is simply seeking one's own demise.
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Speaking with images: The Fibonacci retracement target for Big Pie at the hourly level is 105869. Given Big Pie's current rhythm, it is certain to test that level. If Trump and Old Horse expose each other's shortcomings like last time, Big Pie will undergo a deep retracement to hit the 1.618 position.
Currently, Big Pie's rise and fall depend on how intense the argument between Old Horse and Trump becomes. If they stop arguing now and Old Horse apologizes to Trump, it’s not impossible for Big Pie to recover its previous drop.
If they continue to argue without yielding, then we will watch Big Pie fall step by step! In trading, one must be like a weather vane; you must lean whichever way the wind blows, and cannot be too stubborn.
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For Big Pie, if it breaks through 107061 with volume, then chase long positions on the right side. If it breaks down through 106574 with volume and fails to recover, then chase short positions on the right side, and ensure to set stop losses.
If Big Pie can break through and stabilize above 107146 at the hourly level, we can continue to look up to 107959-108961; if it can't go up, it's basically over.
At the 4-hour level, if it breaks down through 106346, look down towards 105263-104541. Once it breaks 106346, it will definitely test 105263 without any obstruction.
Continuing to look at the chart: all the highs and lows of Big Pie at the hourly level are decreasing. It’s not advisable to go long until a higher high appears.
To go long, we can only wait for Big Pie to show a higher high and for the pullback not to create a lower low. The neck line marked in the chart at 106370 must not be broken; if it breaks, it will go down directly.
Students should pay attention to the critical position of 106370, and observe the changes in volume. Meeting adjourned.