$BTC Evening View:
Talking with Pictures:
There’s not much to say about the other levels of Bitcoin today, let’s discuss the 15-minute small level! The highs and lows of the 15-minute small level have been consistently rising, but there hasn’t been a breakthrough of the upper resistance at 87137, which has been hovering around this area.
Only by breaking through 87137 can a bullish trend continue, and we can look up to 88166. Only by firmly standing above 87137 will a stop in the decline appear.
To reverse, a breakthrough of 88166 is necessary; otherwise, it’s useless. If a correction is to occur, it must not break below the support at 86211, because once it breaks below 86211, the bullish trend of this 15-minute small level will show a lower low, and that bullish trend will be damaged. If that happens, the risk of retracing to the previous low at 85272 will arise again. Tonight, pay attention to the breakthrough of 87137 above to see a rise, and note the drop below 86211 to continue retracing to the previous low. If it can’t go up or down, it will continue to hover around 87137-86211 in a consolidation phase.
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For Bitcoin, if it breaks through 87154 with volume, you can enter into a long position. If it breaks down to 86567 with volume and fails to recover, you can enter into a short position, and manage your stop loss well.
At the hourly level, breaking and firmly standing above 87137 allows for an upward view towards 88166-89252; only by breaking 87137 can we look up.
At the 4-hour level, if 86230 is broken, look down to 85275-83436. Once 86230 is broken, it cannot be recovered immediately; the 4-hour level correction continues.
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Continuing to look at the chart:
At the daily level, Bitcoin has closed with a solid price for three consecutive days without closing below 86000. Could it be that there are market makers protecting this position? Although there have been downward spikes, the solid closing price has never been below 86000, which is thought-provoking.
Since it can't drop below 86000, it’s best to hold it up and keep the daily level of Bitcoin running above 86000. If it can’t hold it and the daily level breaks below 86000, then it’s really over. As long as the daily level can run above 86000, it’s considered safe for now; if it breaks, we will see at that time. Pay attention to changes in volume, meeting adjourned.
