Evening Bitcoin (Big Pie) Market In-Depth Analysis and Trading Strategy

Dear crypto friends, good evening! Watching the market's heated trends, I believe many of you are already excited and even regretful for missing this wave of market. But please stay calm— the crypto market is ever-changing, opportunities always exist, and preserving your capital is the key to long-term success. The market won't always go up unilaterally; a pullback may come at any time, and one must avoid blindly chasing the rise out of anxiety; impulsive trading is often the beginning of losses.

From a technical perspective, the RSI indicator on the daily chart for Bitcoin has entered the overbought zone, which is undoubtedly a signal to be cautious. Although overbought does not mean the price will immediately drop, it indicates that the probability of a short-term pullback is significantly higher than the possibility of continued rise. Based on this, I personally won't blindly chase the long position at this stage—I'd rather temporarily miss the opportunity than risk chasing the rise; or I might try to short with a light position at high levels, or wait for a pullback to stabilize before entering long positions.

Specific Trading Strategies and Key Levels

1. Left-side Trading Strategy

◦ Short: If the Bitcoin price touches 100,587 and shows a 2B false breakout pattern, one can attempt to short with a light position, strictly controlling the position size to mitigate risks.

◦ Long: When the price retraces to around 97,573, one can set up a long position with a light position size; left-side trading has higher uncertainty, so light position operation is recommended.

2. Right-side Trading Strategy

◦ Short: If 99,433 is broken with volume and the pullback cannot recover that level, one can pursue a short on the right side, paying close attention to changes in trading volume to confirm the validity of the breakout.

3. Trend Observation Points

◦ Hourly Level: If the price breaks and stabilizes above 100,339, there may be an upward space opening, targeting successively 100,835 and 101,402; if it cannot break through, one needs to be cautious of short-term pullback risks.

◦ 4-Hour Level: Once it falls below 98,721, the support level will shift down to 97,389 and 95,708; at that time, operations can be conducted according to the breakout situation.

Risk Warning

Current market sentiment is high, but the divergence between technical indicators and fundamentals cannot be ignored. Whether choosing to go long or short, it is essential to set stop losses strictly to avoid significant losses due to extreme market conditions. It is advisable for everyone to remain rational and patiently wait for the right entry timing that aligns with the strategy; better to miss out than to make mistakes!