$BTC Evening Viewpoint:
I really have nothing to analyze about Bitcoin, because it hasn’t fluctuated! Look at the neighboring second place, which is roaring and charging forward, and then look at Bitcoin, which is gasping for breath and about to run out of steam.
🧛🏻♂️
Speaking through the chart: Just pay attention to this range for Bitcoin! Whichever way it breaks out, go with the trend. If it’s just oscillating within the range, you don’t need to act. Whenever it breaks out or breaks down from the range, just go with the flow, and stop loss when it returns inside the range.
Bitcoin's hourly level must stabilize above 118323 to look up towards 119585-120620; if it can't go above 118323, it’s useless.
At the 4-hour level, if it breaks below 117516, look down towards 116862-116207-115672. If 117561 breaks, then 115672 will come as well, and there might be a gap near 115672 that gets filled together.
Continuing to observe the chart: Look at the funding rate of Bitcoin at the 4-hour level, which has been maintained at a high level, with no sign of red amid the colorful chaos.
This is a very dangerous signal, as a waterfall could come at any time. Students should pay attention to risks; the seemingly calm market actually has undercurrents, especially today since it's still the weekend for meetings.