$BTC Evening Opinion:
Currently, the market for Bitcoin is in a grinding phase. Without significant positive news, it is difficult to reach new highs, but it also cannot drop significantly. It is undergoing a wide-ranging fluctuation at the daily level, with a fluctuation range of 108976-102376. When this range can be broken, Bitcoin will be able to find its true direction. Of course, there are still many opportunities for both long and short positions at smaller time frames.
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Speaking through the chart: Please look at what shape is drawn in the chart, does anyone recognize it? This is a diamond pattern, which evolves from an expanding megaphone pattern. When a diamond pattern appears, it signifies that Bitcoin is about to choose a direction.
It's time for long and short betting again. I do not recommend betting before the direction has completely emerged; this is no different from guessing blindly. You can enter once the direction is clear.
If Bitcoin can break through the upper boundary of the diamond pattern and retest without falling back inside, you can go long on the right side. If it breaks below the lower boundary of the diamond pattern and bounces back without recovering inside, you can go short on the right side. Is trading difficult? Actually, it is not difficult at all; the difficult part is your unwillingness to wait. The hard part is guessing the direction before the market has revealed it.
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Bitcoin breaks through 108084 with volume, go long on the right side; if it breaks down 107907 with volume and cannot recover, go short on the right side. Pay attention to changes in volume.
At the hourly level, if Bitcoin stabilizes above 108549, look upwards to 109103-109781. If it cannot go up, continue to consolidate and oscillate.
At the 4-hour level, if it breaks below 107202, look down to 106315-105347.
Continuing to look at the chart: Bitcoin at the daily level still cannot break through the neck line marked in the chart before the end of next week.
The triple top at the daily level is about to form. This is the triple top at the daily level, and once formed, the impact can be imagined.
The only way to break this and prevent Bitcoin from forming a triple top is to break through the neck line marked in the chart. Everyone should pay attention to this key neck line marked in the chart, as it determines whether Bitcoin can reach new highs. Manage your stop loss well, and that's all for today.