$BTC Evening Viewpoint:
The short liquidity above the big pie has reached the position of 123064. This is not a bullish suggestion. If a situation arises that cannot be cleared, everyone must remain vigilant. Something unusual often signals a trap, so beware of a sudden reversal that catches you off guard.
Furthermore, with this wave of the big pie's rise, two gaps have appeared below, specifically at the positions of 118400-119100. These are very close to the current price and are likely to be filled within this week. If the gaps are filled, these two positions are where medium to long-term contract players enter their initial positions. I am referring to medium to long-term contract players; short-term players should refrain from getting too excited.
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Speaking through the chart: If the big pie cannot break through the previous high on the daily level, a double top formation will form, and it will return to the range indicated in the chart for continued oscillation and consolidation.
The only way to break the double top formation is to rally and break through the previous high, thereby creating a new high, which would nullify the daily double top. If it cannot break through the previous high, the current trend of the big pie is very dangerous, and it could turn down at any moment.
If the midline of the range is breached, a waterfall effect may occur if this pattern continues. In such a case, the highest price of the day would become the recent top of the big pie. Looking at the area divergence indicated by the yellow arrows below, what is area divergence is synonymous with top divergence where prices are rising but volume fails to keep up. This is also a bearish signal, but when area divergence appears, it may not immediately lead to a drop; it might consolidate for a few days before falling again. A violent rally could also eliminate the bearish area divergence. The more it rallies, the calmer one must remain.
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The big pie breaks through 121410 with volume, pursue the long position on the right side; if it breaks down with volume below 120964 and cannot recover, pursue the short position on the right side, and set a good stop loss.
On the hourly level, if the big pie breaks and stabilizes above 121435, look up at 121815-122450. If it cannot stabilize above 122450, the previous high cannot be seen.
On the 4-hour level, if it drops below 120566, look down at 119242-118098. If it breaks below 120566, the two gaps mentioned above will need to be filled.
Continuing to view the chart: The big pie's 4-hour triangle pattern experienced a false breakout and fell back, and the long upper shadow indicates that there is suspicion of a short-term top at this level. Unless it can break and stabilize above the triangle, I foresee a pullback. A retest of the position indicated by the white arrow would be better, followed by consolidation before rising again. Pay attention to changes in volume. Meeting adjourned.