$BTC Evening View:
The big currency is still moving in a small 30-minute box, fluctuating and consolidating, not much to say. Last night, the big currency broke through the central axis of the box, and the volume indicated by the yellow arrow below has both volume and price. After breaking through the central axis of the box, it rebounded upwards, hit resistance at the upper boundary of the box, and fell back again, retesting the central axis of the box for support and is currently rebounding.
This is a typical breakout retest confirming that the support is effective and continues to rebound. The big currency can only continue to rise if it breaks through the box.
If it challenges the 115700-116000 range again and still cannot break through, then the bulls will be exhausted, as there have already been three unsuccessful attempts to break upwards. There can be one or two failures, but not three.
If it fails to break through this time, the support at 114000 will not hold. I suggest that everyone take the opportunity to reduce their long positions as the big currency rebounds to around 116000. If it can break through 116000 to reach 117000, then reduce positions again, leaving a base position to gamble on the 118888 level. Otherwise, a pullback will be difficult to handle.
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The big currency breaks through 115121 with volume, pursue long on the right side. 114766 breaks down with volume and cannot recover, pursue short on the right side, and set a stop loss.
The big currency at the hourly level breaks and stands above 115136, looking upwards at 116027-117090; not being able to stay above 115136 is useless.
At the 4-hour level, breaking below 114245 looks down to 113703-112680; breaking below 114245 means disaster.
Continue to look at the chart: the big currency at the 4-hour level wants to form a W bottom, first break through the 115700-116000 range, only then can a 4-hour W bottom take shape. If it cannot break through, it will continue to fluctuate in the small 30-minute box! To break the current fluctuating pattern, a favorable or unfavorable news event is needed to change the situation. Let's all wait for news together! Let's see if the good news comes first or the bad news comes first.
Students, do you think the good news will come first or the bad news? Pay attention to the changes in volume, meeting adjourned.