Bitcoin Evening Perspective: Reference 4H

During this period, Bitcoin has been forming an ascending triangle, oscillating back and forth. Although it rebounded after touching the trend line this morning,

in the short term, it is still blocked at the POC + previous high resistance level of 906, which is quite critical. If it breaks through and stabilizes after a retest, there is a high probability it will continue to test the upper resistance level of 940.

Conversely, if it cannot break through and continues to be blocked, leading to another drop, then we need to pay attention to whether it breaks below the trend line + previous low position. If both of these levels are broken, then the bullish structure of this segment will be directly destroyed, turning into a bearish structure 😅