$BTC Evening Viewpoint:

Looking at the chart: BTC is forming an expanding megaphone pattern on the hourly level. The position circled in white is 108603, which is the level that BTC cannot break through to rise. This is because 108603 is the consolidation high after this decline, and if it cannot create a higher high, how can it rise?
Currently, the lower boundary of the expanding megaphone pattern resonates with the support level at 107088. If we are to accumulate near 107088, it is absolutely not allowed to drop below 107088.
It can go up but cannot fall below 107088, once it falls below.
The accumulation route of 107088 falls apart without any attack, so we can only look for stronger support at the position indicated by the yellow arrow on the left.
Only if the consolidation time in the range of 107088-108603 is long enough will the support here become stronger.
BTC volume broke through 108,535, chase long on the right side to catch the rebound. At 107,936, volume broke down, and the pullback could not recover, chase short on the right side. Set good stop losses.
BTC breaks through and stabilizes at 108673 on the hourly level, looking upwards.
109527-111179, . It doesn't work if it can't go above 108673.
The 4-hour level has broken below 107553, looking down at 106039-104526. If it breaks below 107553 and cannot recover, it will directly lead to a waterfall decline. Continuing to look at the chart: the position circled in white on the daily level for BTC advanced with three soldiers but unfortunately could not continue, as a large bearish candle extinguished the fire that had just ignited. The last two candlesticks formed a bearish engulfing pattern.
Is the segment circled in yellow a downtrend? The larger timeframe shows a downtrend, so you can only look for long opportunities in the smaller timeframe. You must go with the larger trend and against the smaller trend. You can't just see an increase in the 15-minute small timeframe and think that the trend has reversed; that is merely a reversal in the 15-minute small timeframe and does not represent the daily timeframe. This is incorrect.
And the MACD fast and slow lines at the daily level are still below the zero axis. Only when the MACD fast and slow lines at the daily level reach above the zero axis can the bulls take control, allowing for a pullback to go long, and then adjourn.