Evening Bitcoin (Big Pie) Market Analysis and Strategy Guide

Brothers, today's big pie can be described as 'macho' level! Behind this surge, the 'sacrifice' of the shorts has played an indispensable role — but the market always hides its mysteries. Remember, when all shorts completely give up and turn bullish, it often marks the turning point for the market makers to reap their harvest. Both sides are profiting, and this is a common tactic of the main funds; we must remain vigilant!

Technical Patterns and Trend Analysis

From the hourly candlestick perspective, the big pie seems to have formed a 'Double Top Test' pattern. Whether the current high is a local peak depends on tonight's performance after the US stock market opens:

• If it continues to rise but does not make a new high, the Double Top Test pattern will be confirmed, and the risk of a short-term pullback will increase;

• If it successfully breaks through the previous high, it indicates that the market is testing the selling pressure above, and a strong breakout may continue.

Key Levels and Trading Strategies

1. Right-Side Trading Signals

◦ Going Long: If the big pie breaks through 103254 with volume, you can enter a long position on the right side, paying close attention to whether the trading volume supports it to confirm the validity of the breakout.

◦ Going Short: Once 102821 is broken with volume and the pullback cannot recover, it is recommended to pursue a short position on the right side, strictly setting stop-loss to prevent false breakouts.

2. Trend Target Levels

◦ Hourly Level: If the price stabilizes above 103891, the upper space is expected to open up, targeting sequentially at 104335 and 105602.

◦ 4-Hour Level: 102385 becomes the dividing line between bullish and bearish; if it breaks below this level, the market will turn to a pullback, with support levels at 101743 and 100501; if it holds this point, the consolidation pattern will continue.

Fibonacci Retracement Analysis

It is noteworthy that the big pie has precisely reached the Fibonacci 1:1 retracement target of 102382 at the hourly level, and the pullback was very swift. Based on the current strong performance, the possibility of further retracing to the 1.618 level is low, but the market changes rapidly, so we must remain attentive.

Risk Warning

The current market is highly volatile, and a single spike can trigger significant losses! Be sure to set stop-loss strictly; it is better to incur a small loss and exit than to stubbornly hold on. Whether going long or short, controlling position size and respecting the market is the way to survive!