$BTC Evening View:
Last night, the market rose a lot, so it’s time for a proper correction! There is no market that keeps rising. A proper correction is conducive to a better rise.
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See the chart: I am bearish tonight, but it is only a short-term short position to eat the correction. If you want a pattern, you can only look at it step by step. If the support is broken and cannot be recovered, then the pattern can be formed. Otherwise, just take the profit and leave!
The big cake 98386 false breakthrough recovered a light position short one hand, and the volume fell below 97450 and the rebound could not be recovered. Chase the short on the right.
The stop loss in the picture is good. It is best to eat it on Saturday. If you can’t eat it, don’t be discouraged. There is a green mountain, and there is no need to worry about firewood.
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The target position of the 1:1 Fibonacci retracement at the hour level is 97207, and the extreme target position is 96123. This is just the position given by the indicator. In the end, it depends on how the market moves.
At the 4-hour level, if 96696 is broken, the decline will be smoother, and look down to 95783-94696. If it can't break, then continue to fluctuate.
