#比特币对比代币化黄金 $BTC Evening session technical analysis:

First, the conclusion—a bearish flag pattern has already been broken down. The red box area above is now the strongest ceiling; if it can't be broken, don't even talk about further upside.

Focus closely on the 90,800 level. The wick marked by the yellow arrow corresponds to around 90,800—this level absolutely cannot be lost again. If it fails, it'll go straight to test the 90,000 mark, and that's not an exaggeration. If the rebound can't break higher and the decline smashes through previous lows, what else can you do?

Pay special attention to that big red candle in the lower left corner. If the price falls back inside that candle, it will most likely accelerate the drop. The reason is simple: that area is a vacuum zone with thin orders; drops and rebounds both happen fast there. If it really falls back in, just wait for the spot marked by the red arrow on the right—the trapped-at-highs scenario will play out again. On the other hand, as long as the lowest point from the early morning wick holds, the drop won't deepen. If that level breaks, what I've said won't just be hypothetical. Ideally, there will be support around 90,800, forming a double bottom with two wicks, then some consolidation before another move up.

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Trading reference:
If BTC breaks above 91,441 with volume, you can go long on the right side; if 91,342 breaks down with volume and fails to reclaim on the pullback, consider a short, but remember to set a stop loss.
If the hourly chart breaks and holds above 91,753, look for 92,613–93,587 to the upside; if it can't get above 91,753, it's basically done.
On the 4-hour chart, if it breaks below 90,856, look for 90,098–89,224 to the downside; if it breaks below 90,856 and can't reclaim it, it's over.

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Now looking at the 4-hour EMA. The current support is the 50-period EMA, around 90,730, which lines up perfectly with the previous low from the early morning wick—forming a confluence. It took a lot of effort to stabilize above the EMA50, and if it's lost again, it's hard to say when it'll recover. Look at the candles marked by the white arrows: two consecutive shooting stars plus a doji on the 4-hour chart—this candle pattern gives a very clear signal, and then the drop started. Do you think that's a coincidence? The signal was right there; I just personally favored longs and didn't short. That's it.

$BTC