$BTC Evening Perspective:
The big pie has reached a new high, but it is only $77 higher than the previous high of 111959. I feel like the big pie is reluctant to make this new high; it seems that the atmosphere has built up to this point that it wouldn't be reasonable not to break a new high.
Many classmates are excited and trembling at the sight of the big pie breaking the historical new high. They are looking at the big pie potentially reaching 120,000 or 150,000. Whether the big pie can reach 120,000 or 150,000 will surely happen, but if you ask me for a specific time when it can reach that, I can't provide it because I don't know how to calculate. I advise everyone to look at the market rationally.
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Talking through the chart: The big pie is currently forming a wedge pattern on the hourly level. Without breaking the upper boundary of the wedge pattern, the big pie cannot continue to rise. Remember, pushing the price up requires money; it can't just be said casually. If it doesn't break the upper boundary of the wedge and also doesn't fall below the lower boundary of the wedge, the big pie will continue to move within this wedge pattern in a sideways manner until it consolidates to the end of the wedge and then chooses a direction.
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For the big pie, if it breaks 111311 with volume, enter long on the right side; if it breaks 111028 with volume and cannot reclaim, enter short on the right side. Pay attention to the changes in volume.
On the hourly level, if the big pie can break 111369 and stabilize, look up at 112270-113272. Whether it can create a new high again depends on whether the U.S. stock market opens tonight and leads the big pie to make another push.
On the 4-hour level, if it breaks 110539, watch for a pullback to the target positions below: 109704-108297.
Continuing to look at the chart: As long as the big pie does not fall below the opening price of the bullish candlestick indicated by the white arrow in the 4-hour level, the big pie will continue to follow the bullish candlestick in a pregnant line pattern. If it breaks this bullish candlestick, the big pie will need to follow a high-hanging reduction route, meaning it will go down as it went up.
Finally, I hope everyone does not have this thought: if you don't buy now, you won't be able to buy the big pie at 11 again. There will be many opportunities, but your funds won't always be available. Waiting for a pullback or waiting for the big pie to stabilize at 112000 before entering the market seems to have higher certainty, right? Pay attention to volume changes. Meeting adjourned.