$BTC Evening Thoughts:
Looking at the chart: The low points of Bitcoin on the hourly level are continuously rising. Although there haven't been higher highs, you shouldn't short at this indecisive position. Only when the price breaks below the position indicated by the white arrow and a lower low is established, can you switch your mindset from bullish to bearish. Never think that Bitcoin is unable to rise; should it be time to short? The Bitcoin you are thinking about has already been considered, and perhaps Bitcoin is waiting for people with such thoughts to accumulate short positions for a possible downturn.
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Bitcoin's hourly level must stabilize above 109179 to look towards 109669-110371. As long as it holds above 109179, it will definitely try to reach 110371; what I say is non-negotiable.
On the 4-hour level, if it breaks below 108307, the target positions below are 107420-106372. If it breaks below 107420, Bitcoin will establish a lower low, and the adjustment will begin.
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Continuing to look at the chart: Do not take any action on this box until it is either broken down or broken through. You just need to patiently wait for Bitcoin to break out or break down from the box, and then you can trade in the direction of the trend.
Trading takes at least 18 hours out of the 24 hours in a day just waiting; if you can't wait, your capital will suffer. Pay attention to changes in trading volume, set your stop losses, and disperse.