$BTC Evening Viewpoint:
Looking at the picture: What is the shape indicated by the white arrow at the bottom of the picture? This is a bullish Gartley pattern.
It indicates that the price will rise to the D point of the Gartley pattern, which is 115331 here, but there is a prerequisite that the price must not drop below the neck line marked by the white box at 113334. If it drops below 113334, the bullish Gartley pattern will be invalidated.
Currently, the price's hourly highs and lows are increasing, as long as there are no lower lows, the D point of the bullish Gartley pattern will definitely be tested, and it won't matter what anyone says.
If you have long positions at the bottom, the D point of the bullish Gartley pattern is also your position to reduce holdings, leaving a core position to look for higher levels.
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If the price breaks above 114204 with volume, chase long positions, if it breaks below 113585 with volume and fails to recover, chase short positions, and pay attention to changes in volume.
If the price breaks above 114204 on the hourly level and holds, look up to 115331-116056, if it holds at 116056, it will take off.
On the 4-hour level, if it drops below 113324, look down to 112677-111992, and if it breaks below 112677, the price will continue to test previous lows.
Continuing with the picture: The price must break and hold above 114204 to form a W bottom pattern on the 30-minute small scale, only then can we look up at the left side high one and high two positions. If it cannot break above 114204, the W bottom cannot be formed. Set your stop loss properly, meeting adjourned.