Evening Bitcoin (Big Pie) Market In-Depth Analysis and Strategy Guide
Brothers, the recent performance of Bitcoin can be described as 'king-level'! After the market warmed up, the popularity surged. Just now, a student asked me: 'Can Bitcoin return to around 90,000?' My answer is 'possible'. After all, this wave of increase lacks substantial positive drivers. Once negative news strikes, the speed of correction may be even faster than the rise. To the friend who asked, it's highly likely you missed this wave of the market or are still holding a short position—if you have been holding a long position all the way, your focus should have shifted to the target of 120,000!
Technical Patterns and Trend Alerts
From the 15-minute level, Bitcoin shows a weak signal of 'lower highs and lower lows'. If it cannot quickly refresh its highs, it is very likely to trigger a correction at the 15-minute level, which may gradually transmit to the 1-hour and 4-hour levels. Remember, the market does not have a forever one-sided upward trend; excessive optimism can easily overlook risks!
Key Levels and Trading Strategies
1. Right-Side Trading Signals
◦ Going Long: If Bitcoin breaks through 104,278 with volume, you can enter a long position on the right side, but it is recommended to enter and exit quickly, securing profits;
◦ Going Short: Once 103,795 is broken with volume and the rebound cannot recover, decisively pursue a short position on the right side, and be sure to closely monitor changes in trading volume to confirm the validity of the breakdown.
2. Trend Target Levels
◦ Hourly Level: If the price breaks through and stabilizes above 105,832, the upper target levels are 105,792 (possible typo, or it might be 106,792) and 106,489;
◦ 4-Hour Level: If it breaks below 103,290, the lower support levels will shift to 102,381 and 101,679.
Fibonacci Key Resistance and Breakthrough Expectations
Currently, Bitcoin is under pressure from the Fibonacci 61.8% retracement level. If it can strongly break through, it is expected to challenge the 105,000 mark and even test the 1.618 extension level of 106,054. Once 106,054 achieves a valid breakthrough and stabilizes, the 110,000 mark may become the new target—at that time, bearish sentiment will be completely reversed!
Risk Warning
Operations must strictly set stop losses, especially when speculating near key levels. It is better to exit with a small loss than to stubbornly hold a losing position. Closely monitor the volume-price relationship and follow the trend to seize opportunities amidst volatility!
