$BTC Evening Viewpoint:
Looking at the chart: Do any of you recognize the form drawn in the image? My drawing isn't very standard, but this is generally the idea.
This is a bearish shark pattern. If the price reaches near point D in the coming time, those holding long positions should remember to take profits.
Only by cashing out can you truly realize your earnings; if you don’t cash out, the profits will always just be numbers. The D point of this bearish shark pattern is a potential reversal zone. In simple terms, if the price reaches point D, it is highly likely to experience a pullback. Draw it on the chart yourself, and you'll know where the price corresponding to this D point is. In the crypto space, you must learn to draw charts and understand patterns; otherwise, you will only be cannon fodder.
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If the price breaks through 119204 with volume, aggressive traders can take long positions on the right side. If it breaks down through 117860 with volume and fails to reclaim, take short positions on the right side. Pay attention to volume changes and set proper stop-losses.
On the hourly level, if the price can break and hold above 119549, look upwards to 120544-121451. Holding above 119549, 120,000 must come.
On the 4-hour level, if it breaks below 118268, look down to 117135-116241. If it retraces but does not break below 117135, it will continue to rise.
Continuing to look at the chart: If the hourly triangle consolidation area is broken and you still want to short, not even Jesus can save you. Bulls love short-sellers like you, stubborn and headfirst into losses without even realizing it.
If the box drawn in the chart can be broken, the price will take off again, but right now the volume is lacking; it would be best if it could increase, or a retest of the upper boundary of the triangle consolidation area before rising would be better.
When you choose someone, you must trust them unconditionally. Isn’t that what a robot would do? Never have your own conspiracy theories; otherwise, you won’t get any profits. Meeting adjourned.
