BTC Evening Viewpoint:

$BTC Evening Commentary:
Talking through the chart: In the hourly chart of Bitcoin, this is drawn as a bullish flag, but it has been consolidating all afternoon without breaking the flag, and the positions circled in white are all doji stars, indicating that there is significant resistance at this level. The price corresponding to the upper boundary of the flag is at the 90,000 round number.
When can we break through the highest price of the needle pointed by the white arrow? The flag will also be broken in tandem; only by breaking the flag can Bitcoin have the chance to touch the 90615 neckline level, which is crucial as it determines whether the uptrend continues or faces resistance and experiences a pullback.
Staying above 90615 will allow us to aim for higher levels pointed by the yellow arrow. If there is a pullback and we break the support at 89206, we will definitely revisit 87518.
Currently, Bitcoin only has two choices in front of it:
First, break 90615 to continue the uptrend; second, revisit and break the 89206 support to retest 87518, forming a double bottom before moving upwards.
Looking at the position pointed by the left white arrow, it could not break through the first time and must revisit. This should also be the current trend; either it goes up directly, or if it can't, it will definitely revisit 87518.
🍆
Bitcoin should chase long positions on the right side after breaking 90615 with volume; if it breaks down to 89403 with volume and fails to recover, it will chase short positions on the right side. Be sure to set stop losses.
In the hourly level, Bitcoin breaks and stabilizes above 90615, looking up at 91426-92634; stabilizing at 92634 is necessary to see a reversal.
At the 4-hour level, breaking below 89202 points down to 88021-86264; if 89202 is not recovered, the 4-hour level pullback begins.
🍆
Continuing to look at the chart: The triangle at the daily level of Bitcoin has been broken; it is now attempting to reclaim the triangle's interior. If tomorrow's daily closing price can reclaim the interior of the triangle, the risk of a continued downward trend at the daily level may be temporarily alleviated. It would be best to close with a bullish engulfing candle at the position circled in white. If it cannot reclaim the interior of the triangle and continues to oscillate, the positions circled in white are all potential areas for Bitcoin to fall. Pay attention to changes in volume, meeting adjourned.
$BTC
#巨鲸动向