$BTC Evening Insights:
Another day of consolidation and fluctuation, consolidation + fluctuation = no market movement. If resistance can't break through, it will always remain a barrier, like an insurmountable chasm. The hourly high point of the big pie is decreasing, and currently, no lower lows have been formed.
We still have to wait for the US stock market to open in the evening. It closes 3 hours early tonight, so everyone can go to bed earlier.
🍊
Speaking through the chart: The big pie breaks through 94568 with volume on the right side to go long, and 94048 breaks down with volume on the right side to go short. In the 4-hour chart of the big pie, the yellow arrow points to a doji that closed particularly poorly; although there wasn’t much volume, it still belongs to a high-level doji.
🍊
If the big pie can stabilize above 94621 on the hourly level, it will signal the end of the small downward trend. We can look at the target positions above: 95428-96515.
If the 4-hour level breaks below 93602, we will continue to look down to 92630-91444. Pay attention to changes in volume and set appropriate stop-losses.
Finally, I wish all students: Merry Christmas Eve! May you have peace in your life!
May your family be safe and sound!
