$BTC Evening Viewpoint:
Looking at the chart: The big coin doesn't have much to say because it has been fluctuating within a flag pattern, and it won't rise without breaking out of the flag pattern. Currently, the big coin is facing resistance at 120229, indicated by the right yellow arrow.
Only when it breaks 120229 can it start to rise, and the hourly highs of the big coin have been declining. Without a higher high, going long can only be short-term. A higher high needs to appear for a long position to be considered near previous highs.
The big coin has touched the upper boundary of the flag pattern for the 4th time. If it still cannot break and stand firm within the flag pattern this time, a decline is the only option. If it does not break 120229 on the upside or 118073 on the downside, it will continue to consolidate within the flag pattern until a lower low or a higher high appears to determine the direction.
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The big coin should break 120117 with volume for a right-side long position, and if it drops below 119015 with volume and fails to recover, look for a right-side short position. Set proper stop losses.
If the big coin breaks and stands firm at 120117 on the hourly chart, look up to 121447-121793; if it can't go above 120117, don't look upwards.
On the 4-hour chart, if it breaks 119066, look down to 118046-116991. If it breaks 119066 and can't recover, the big coin must go into a correction.
Continuing to look at the chart: If the big coin wants to correct on the hourly level, the Fibonacci 1:1 correction target is 115980, and for a deeper correction, refer to the 1.618 position at 113337. It's difficult for the big coin to continue rising without a correction. Because most of the funds in the crypto market are currently in the second coin, and the big coin's volume is substantial, trying to pump the price is not easy. Therefore, I expect the big coin to correct unless it can break the previous high. I will change my logic if that happens, so pay attention to changes in volume. Meeting adjourned.