$BTC Evening View:
Many students want to know whether the bull is still there or not? I can tell you clearly that the bull is still there. The bull only lowers its head to eat when it is hungry.
Just like us humans, if we keep working without eating, won’t you be hungry? Only when we are full can we have the strength to continue working!
Even if the price of pie starts to rise from the end of November 24 to January 25, it has risen for two months, right? Is there anything wrong with eating and taking a break? Don’t scare yourself. Remember one sentence: once a trend is formed, it is difficult to change. If you don’t understand the market, you don’t need to study the market deliberately.
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Just look at BlackRock and Fidelity. You will know how to operate if they are always buying or selling. I don’t believe there are better analysts than those of BlackRock and Fidelity. What are you afraid of if these two major institutions are still buying? Will BlackRock and Fidelity keep buying if they are not optimistic about the future market? Sometimes the answer has been given to you, but if you insist on conspiracy theories, I can’t help you.
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See the chart: Open the market and look at the 1-hour Fibonacci 1:1 retracement. You can clearly see that 91840 is the 1:1 target position of this retracement. The position of the deep retracement of 1.618 is 89637. Who needs to tell you this? Can't you see it clearly by yourself? Why do you have to look at this and that all day long? It's a waste of time.
Cake breaks through 93702 on the right side with volume, and falsely breaks through 92957 to take back one more hand. If you can't take it back, don't take more. Set a stop loss.
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Look at the yellow arrow at the 1-hour level again. As long as it does not fall below the previous low of 92500, the hourly level will temporarily stop falling.
If it falls below the previous low, continue to look down at 91490-90282
Continue to look at the yellow arrow in the middle. The volume is larger than the previous one, but the price is not as much as the previous K-line. Isn't this a typical imbalance between volume and price? If the hourly level can break through and stand firm at 94311, wouldn't it form a morning star? Look up to 95405-96046. Meeting adjourned.