$BTC Evening Viewpoint:
I am just a professional in morphology. There are many types of techniques in the cryptocurrency circle; you only need to learn one of them and delve deeply into it to reap different rewards. It is harder than reaching the sky to want to earn money without loving to learn.
🍉
Speak with the chart: The Bitcoin hourly level is currently consolidating within a wedge. When it reaches the end of the wedge, it will choose a direction again.
Currently, Bitcoin has stabilized at the position circled by the right yellow box, 114055. If Bitcoin chooses to break upwards, it will definitely test 106029. After hitting 106029, whether it chooses to turn downward or continues to rise will need to be observed when that time comes.
If Bitcoin chooses to break downward, it must first break the wedge and then fall below the support of 114055. Only then is there a possibility of testing the position of 112141 again, forming a double bottom pattern before moving upwards.
I believe Bitcoin will choose to break upwards because all the highs and lows at the hourly level are rising; there have been no lower lows. If it wants to retrace to 112141, it must first break below 114055 and not recover to go down for a correction.
🍉
Bitcoin should break through 114702 with volume and chase long positions on the right. If it breaks 114283 with volume and fails to recover, chase short positions on the right, and set proper stop losses.
If Bitcoin breaks above 114743 at the hourly level and stabilizes, look upwards towards 115267-116027. If it stabilizes at 115267, 116027 will come.
If it breaks below 114004 at the 4-hour level, look down towards 113161-112017. 114004 must hold!
Continuing to look at the chart: The pattern drawn in the Bitcoin 30-minute level chart is a bearish crab pattern. If Bitcoin can rebound to near the D point of the crab pattern in the coming time, this will be your take-profit position for long positions. If you are reluctant to take all profits, you must reduce your position by more than half and leave a base position to bet on higher levels. Because the D point of the crab pattern, 117301, is a potential reversal zone, reaching here will definitely lead to a pullback. Long-term players can ignore this; short-term players must pay attention to this position. I don't know when it will reach the D point, but when it does, you must reduce your position. Meeting adjourned.
🍗 Rebate link: https://www.marketwebb.ninja/zh-CN/join?ref=ZTX121