$BTC Evening Viewpoint:
Looking at the chart: Bitcoin's hourly level is wildly testing the support at 86785, and the support at 86785 currently resonates with the lower boundary of the triangle. Either it does not break down, or it breaks down together.
If it breaks down, look down at 85632 and the previous low at 84408, unless it can regain and break through above 87465 to stop the decline. To reverse, it must stabilize above 89393; without breaking through 89393, any rise is merely a rebound, not a reversal. If it can't go up or down, then let's first move in the range of 87465-86785!
The oscillation range has already been compressed smaller and is about to show a direction.
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Bitcoin breaks through 87177 with volume, chase the long side to eat the rebound; 86688 breaks down with volume and cannot recover, chase the short side, and manage your stop loss well.
Bitcoin's hourly level breaks and stabilizes at 87465 looking up at 87874-89393; if it can't go above 87465, it's of no use.
On the 4-hour level, if 86684 breaks down, look down at 85640-84412; if it breaks below 86684, you will see the two positions given.
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Continuing to look at the chart: Bitcoin's 4-hour level, after a false breakout in the trumpet shape, has not touched the upper boundary of the trumpet shape again. Currently, Bitcoin's 4-hour level has consecutively produced 3 bearish candles. If the 4th candle still cannot show a bullish candle, can you see the lower boundary of the trumpet shape marked by the white box? 84303 will definitely be touched. Look at the left side where the yellow arrow points to this 4-hour bearish candle. Now Bitcoin's 4 hours have fallen back into the interior of the bearish candle pointed to by the yellow arrow and is now in a pregnant candle pattern. If it wants to drop, it can happen in the blink of an eye because Bitcoin's 4-hour level is currently being controlled by the bears. If they let go, it will drop faster; if they don't let go, it will fall slowly. When will the 4-hour closing price be able to close above the highest price of this large bearish candle? When will the bulls be able to break free from the bears' control? Pay attention to the changes in trading volume, and that's it.
