$BTC 🏁Let's get straight to the point, the large pancake is moving a bit subtly on the 4-hour level, we cannot just be bearish.

In the morning, the daily line closed: it has returned above point B at 96600, and the pattern shows a three scholar stop-loss signal, along with a long lower shadow. As long as the close does not fall below the left-side medium bearish close price of 97500, the direction will continue upwards.

4-hour level: Although it did not break above the left-side large bearish close price, it has a bit of a head and shoulders bottom pattern. Currently, it is oscillating in the 97100-97800 range choosing a direction; only a close below 97100 can be shorted, 📍 and a 1000-point stop loss must be set 📍.

Then, in the 4-hour chart structure, although it has broken below the pink range slope support, the horizontal point A has not been broken. According to the channel lower bound outlined by the head and shoulders pattern, it has not been breached, and it quickly returned above point B last night.

The 15-minute chart also shows a bit of a head and shoulders bottom; only breaking below the left shoulder will lead downwards.

🏁Therefore, we need to closely monitor the closing situation of the weekly line on Monday morning, the key point at the 97300-96800 range. If it closes above, combined with the daily and 4-hour levels, it would signal a phase bottom, and the direction is still upward. The bears must operate cautiously.

If it falls below, then the next support will adjust to the 92600-90700 range.

Just a word, we can't be precise with the levels, as the market is too volatile now, there may be a 500-1000 point difference. When it reaches above the 4-hour level support, you can switch to the 15-minute chart to observe the details. The method is written in the pinned article; like last night, when it suddenly v-reversed, you can only rely on your courage. If the position is not good, then if you miss it, you miss it. There will always be opportunities in the crypto world.

Today's chart is a bit more detailed; this time point is very critical. I used to be bearish even when it dropped and got stuck at the bottom several times 🥹