2025-08-26 Nightline Supplement (BTC)

The big pie isn't going up, so it's going down.

The current situation is that on the daily to weekly scale, it is still bullish, but in a retracement state; the 4-hour chart has been in a downward channel without breaking out.

Tonight it broke the previous 1106, and the next support level is around 109x. According to the previous left-side calculation method, the previous high of 124400x0.88=109472. From here, if it continues to go down, it will enter a daily level correction.

The daily can support a maximum of 20%, which means 99520, and this almost overlaps with the lower boundary of the weekly bullish position at 98x.

I don't want it to drop this deep, but I also hope it can come down; if it does drop, that would be the golden pit before interest rate cuts.

At the same time, we need to pay attention because if the daily bullish breaks below 109x, it will ruin the pattern. If we enter on the right side, the daily can close above 1115, at which point we can start building long positions.

Downward movement will basically follow the chart, and the remaining factors to watch are the ETF and news events.

After all, it's these institutions that are selling off and also buying in.

Right now, the most appropriate action is to observe more and act less, to see if it gives opportunities on the left side or the right side, and to avoid entering in uncertain areas.