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$BTC $BTC Evening Viewpoint:
Talking with charts: Bitcoin has already broken through the previous high of 94555, creating an even higher high,
but Bitcoin has now broken below the bearish flag pattern. If the rebound cannot regain the inside of the flag pattern, a pullback to test the support at 92617 is expected.
If it cannot hold, it will continue testing the support at 91472 downward. To move higher, it must recover inside the flag pattern and break through the high of 94778 to continue aiming for higher levels,
otherwise it will trend downward with declines and oscillations.
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Bitcoin broke through 93451 with volume and chased long on the right side, 93226 with volume fell below and failed to rebound, so chase short on the right side, set good stop-loss.
Bitcoin on the hourly chart broke through and stabilized at 93991, aiming for 94778-95776; only after breaking 93991 can it continue to rise.
On the 4-hour chart, 93237 broke downward, aiming for 92127-90832; if it falls below 93237 and cannot recover, the two levels below must be reached.
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Continuing with the chart: Bitcoin on the daily chart has reached a key resistance level at 94653. If the daily closing price can stay above 94653 and remain above this level for 3 days, then watch out for the 98752 level! If you can reach 98752, you should cut your long positions by half before betting on higher levels,
otherwise, a correction could make you cry.
Because 98752 is the daily level’s support/resistance boundary. Once it breaks 100,000, Bitcoin will come,
if it cannot go above 98752, it will likely pull back.
Currently, Bitcoin has broken above the daily EMA50, and as long as it stays above the EMA50, the next upward target is the EMA200, around 100,000.
Pay attention to volume changes. Meeting adjourned.