$BTC Evening Insights:
The triangle on the hourly level has also been broken. The position indicated by the white arrow above has produced an isolated high point. What does it mean to have an isolated high point? It indicates that this position is a resistance. If you don't understand anything and still want to make money from trading, you're too naive!
Do you think the money in the trading market is easy to earn? If you don't understand anything, the money you earn is all based on luck,
In the end, you will have to give it back.
The high points of Bitcoin have been decreasing, and there hasn't been a lower low yet. If the rebound cannot break through the triangle to consolidate above it, the corresponding price is 89885. Do you see the needle pointed by the yellow arrow below? It will eventually break. Once this needle breaks, a lower low will appear, and you can't avoid looking down.
The Bitcoin rebound at 89947 has a short position opened on the left. If it breaks down with volume at 88560 and cannot recover, a short position on the right side is not a good risk-reward ratio unless it breaks the previous low of 87205,
Otherwise, you can only take a small profit and run.
If Bitcoin's hourly level breaks through and stabilizes at 89465, look up at 90140-90590. If it can't go above 89465, it won't rise.
At the 4-hour level, breaking below 88843 looks down to 88163-87290. If it breaks below 88843 and cannot recover, the previous low will come.
If Bitcoin's hourly level is to follow AB=CD, it will definitely go back to test the previous low of 87128. The only way to prevent Bitcoin from retracing is to break through point C. If it cannot break through point C, it must retrace to point D.
The position indicated by the yellow arrow above has attempted multiple times to recover and operate above 90586, but all have failed. Since it cannot go up, it can only look down for stronger support.
At the 4-hour level, when the Fibonacci high and low points are drawn, even the basic 38.2 has not been surpassed. Do you still think the rebound is strong? When can it break through the 38.2 of the 4-hour level to be considered a relative reversal? Breaking through 61.8 is an absolute reversal. Maintaining the current state of oscillation and consolidation is already very good. Don’t ask for too much, just like in life, do you always ask others to do this or that? What have you done for others? Always taking without giving will be exhausting. Pay attention to changes in volume, and let's disperse.
