$BTC Evening Viewpoint:
Has Bitcoin reversed? No, it hasn’t reversed; there is just a breakthrough demand on the hourly level. This afternoon, I also mentioned in the video recording that there is a breakthrough demand on the hourly level. I wonder if you all have watched it. Right now, it's just a rebound, so don’t FOMO.
A bear market doesn’t always decline; there will also be a demand for rebounds, and rebounds in a bear market are often violent. That’s what we are seeing right now.
On the hourly level for Bitcoin, look at the position marked by the big red arrow; this is a wave of increase followed by a bullish flag formation. You all know it’s a bullish flag, so why don’t you go long? Remember, a flag pattern that opens downward is bullish. I don’t know if your so-called master teacher has told you to go long, but I have told my students to go long and made a profit of 4836 dollars. I will show you later where we went long. The rise is followed by a bullish flag formation, and above the support level of 67320, a morning star pattern has formed at the location circled in white. Doesn’t the appearance of a morning star also indicate that it should rise? Even if you didn’t go long when the morning star appeared, you should have gone long when you saw the breakthrough of the bullish flag. If you can’t seize the opportunity to go long twice at a low position, then I have no other options. After breaking the flag pattern, it successfully broke through the previously unbroken resistance level of 68919 multiple times, and then started a one-way upward surge, breaking the previous high of 70105 and creating a new higher high. By the time you realize you want to chase the long position, I have already taken my profit. It’s important to follow the right people. Now, as long as Bitcoin pulls back and doesn’t break below 70939, it will continue to operate above 70,000. If it breaks below 70939, it will test the previous high of 70105, and if it breaks, we will look downward step by step. Currently, Bitcoin has reached the resistance level on the daily chart corresponding to the price of 71782. It needs to break through to continue rising; if it can’t break through, it should go into a consolidation phase after the rise and choose a direction.
For Bitcoin, a breakout with volume at 72142 means aggressive traders should either wait for a pullback to go long or, if it breaks down with volume at 71003, they should look to short on a failed recovery.
On the hourly level, Bitcoin needs to stabilize above 71782 to look upwards towards 72638-73568; if it can’t go up above 71782, it’s useless.
On the 4-hour level, if it breaks below 71010, look down towards 70081-69267. If it breaks below 71010 and can’t recover, it will continue to pull back. I can't write anymore; please check the comments section. $BTC #AIBinance
Has Bitcoin reversed? No, it hasn’t reversed; there is just a breakthrough demand on the hourly level. This afternoon, I also mentioned in the video recording that there is a breakthrough demand on the hourly level. I wonder if you all have watched it. Right now, it's just a rebound, so don’t FOMO.
A bear market doesn’t always decline; there will also be a demand for rebounds, and rebounds in a bear market are often violent. That’s what we are seeing right now.
On the hourly level for Bitcoin, look at the position marked by the big red arrow; this is a wave of increase followed by a bullish flag formation. You all know it’s a bullish flag, so why don’t you go long? Remember, a flag pattern that opens downward is bullish. I don’t know if your so-called master teacher has told you to go long, but I have told my students to go long and made a profit of 4836 dollars. I will show you later where we went long. The rise is followed by a bullish flag formation, and above the support level of 67320, a morning star pattern has formed at the location circled in white. Doesn’t the appearance of a morning star also indicate that it should rise? Even if you didn’t go long when the morning star appeared, you should have gone long when you saw the breakthrough of the bullish flag. If you can’t seize the opportunity to go long twice at a low position, then I have no other options. After breaking the flag pattern, it successfully broke through the previously unbroken resistance level of 68919 multiple times, and then started a one-way upward surge, breaking the previous high of 70105 and creating a new higher high. By the time you realize you want to chase the long position, I have already taken my profit. It’s important to follow the right people. Now, as long as Bitcoin pulls back and doesn’t break below 70939, it will continue to operate above 70,000. If it breaks below 70939, it will test the previous high of 70105, and if it breaks, we will look downward step by step. Currently, Bitcoin has reached the resistance level on the daily chart corresponding to the price of 71782. It needs to break through to continue rising; if it can’t break through, it should go into a consolidation phase after the rise and choose a direction.
For Bitcoin, a breakout with volume at 72142 means aggressive traders should either wait for a pullback to go long or, if it breaks down with volume at 71003, they should look to short on a failed recovery.
On the hourly level, Bitcoin needs to stabilize above 71782 to look upwards towards 72638-73568; if it can’t go up above 71782, it’s useless.
On the 4-hour level, if it breaks below 71010, look down towards 70081-69267. If it breaks below 71010 and can’t recover, it will continue to pull back. I can't write anymore; please check the comments section. $BTC #AIBinance