$BTC Evening View:
In this market, there really isn't much desire to make trades, because without volatility, how can you trade? A fluctuation of 300 dollars is not enough to cover transaction costs. After entering a position, if you come back 3 hours later and see that it’s still stagnant, it's best to rest when there’s no volatility.
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Let's talk through the chart: In the hourly chart of Bitcoin, what is drawn is a bullish flag. If it can't break the flag, it won't rise, and the hourly highs of Bitcoin have been continuously lowering. If the area circled in white on the chart breaks down, it will create a lower low, then we look down to the position indicated by the right yellow arrow at 113547. If it can't hold, we continue to look down to 112132. Draw it yourself on the chart; remember this saying: A good memory is not as good as a bad pen, can't you just copy what you see? Once you draw it yourself, you'll understand what's going on; otherwise, no matter how much I explain, you still won't get it. Don't be afraid to make mistakes; practice drawing a few times, as nobody is born knowing how to draw these charts; it's all learned through exploration.
People cannot be lazy; always thinking about waiting for food will keep you from growing. Remember this: You must rely on yourself.
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For Bitcoin, break out with volume above 114927, chase the long position to catch the rebound; if it breaks down with volume at 114678 and can't recover, chase the short position on the right side, with a small position to relieve the itch.
Bitcoin's hourly level breaks and stabilizes above 115117, looking up at 115665-116063; for now, we can only see this.
On the 4-hour level, if it breaks down below 114701, look down to 113580-112091; if it can't go up or down, it will remain around these levels.
Continuing to look at the chart: The position circled in white on the daily chart of Bitcoin shows a bullish engulfing pattern. If the bullish candle indicated by the yellow arrow is engulfed in the coming days, it would be very dangerous.
The daily level touches this neckline at 111983 again, and a rebound may occur, but the rebound cannot break above the highest price of the bullish candle indicated by the yellow arrow. If it comes back to test the neckline at 111983 again, it is likely to not hold. This is a natural rebound in a downtrend; a second test gets support for an upward rebound but does not create a new high. If it tests again, it will likely break down directly. Pay attention to the gains and losses at the neckline level of 111983 on the daily chart, and watch for changes in volume. Be sure to set stop-losses, and that’s all for today.