This market condition is not for us to make contracts.

The big pancake of $BTC , this morning the weekly line closed below the pressure level of 106000. The daily line broke through the pressure level of 103000, then quickly pulled back to above the closing price of the large bullish candle at the 4-hour level. After this large bullish candle, only one K-line was formed. Normally, a long bullish candle with a long upper shadow closing below the support level is a signal for a downward trend. In terms of volume, a high volume bar was also recorded at 16 points. We can patiently wait for the closing situation of the third K-line at 20:00. If it closes below 104600, it will continue to decline, with support levels around 103000, 101800, and 100600. If the closing effectively breaks through 104600, the upper pressure levels are around 106000 and 107000. This is all referring to the 4-hour level.

From an overall structural perspective, there is a possibility of a high three formation at the 4-hour level. The weekly line also reached the upper boundary of the channel this morning without breaking through. If going long, be sure to set a stop loss, which can be placed near the previous low of 104000.

🗓️ This Thursday, the 19th, at 3 AM there is an interest rate decision. If the daily line support at 101400 does not break, and if there is positive news, it is possible to quickly spike to around 111500. If this breaks effectively, the upper pressure levels are around 121500 and 123000. In case of negative news, the lower support levels are around 98500 and 95000.

At the weekly level, the support levels are around 96600, 91700, and 89900.