Bitcoin's right-side opportunity after breaking through the double pattern: key validation of the trading range support and W-bottom.

1. The effectiveness of double pattern breakout and the logic of going long

Bitcoin hourly level welcomes a key breakthrough:

• Pattern resonance: Both the triangle and the trading range patterns have been broken, and after a pullback to the upper boundary of the trading range, temporary support has been gained (since the hourly candlestick has not closed, the current validity of the support is "temporarily confirmed").

• Right-side long entry criteria: double pattern breakout + pullback support, at this point going long belongs to right-side trading, with higher certainty——clear stop loss: exit if it falls back into the trading range or inside the triangle, risk is controllable.

• Clear target: After the breakout, look up to the first and second take-profit levels marked by the white arrows. The operational logic is simple and direct: "breakout - pullback - hold position - take profit", without the need for overly complex analysis.

2. Trading Cognition: There is no 100% win rate, only a probabilistic advantage.

Market Truth:

• No one can guarantee a profit on every trade; the essence of trading is a "50% probability game." Those who claim "guaranteed profits" are either foolish or malicious (either looking to exploit others or designing schemes to do so).

• The core difference between understanding trading and not understanding trading: the former increases the success rate (a bit higher than 50%) through patterns, points, and stop-loss controls, while the latter relies on luck - the "bull" of trading is not about "making a profit on every trade," but about "surviving long-term."

3. Short-term trading signals and long-short critical points

• Long Strategy:
Volume breakout at $118,365 → right-side chasing long, stabilizing above $118,525 on the hourly level → target $119,109 → $120,138; stabilizing above $119,109, the "120,000 mark" will face another test.

• Short Signal:
If the volume breaks below $117,979 → if the rebound cannot recover, then go short, and set a stop loss; if it breaks below $117,817 on the 4-hour chart → look down to $117,142 → $116,382, but as long as it does not make a new low, the overall risk is controllable.

4. The prerequisite for the formation of the W bottom pattern: the breakthrough of the neckline at 119190 US dollars.

If Bitcoin wants to form an inclined W bottom on the hourly level, it must break through the neckline at $119,190.

• If this level is not broken, the W-bottom pattern cannot be discussed, and the current fluctuation is merely an ordinary rebound;

• After the breakout, it is necessary to have volume confirmation to validate the bottom structure, laying the foundation for subsequent increases—volume is the "final piece of the puzzle" for the effectiveness of the pattern.

Summary: After the breakthrough, look for support; whether the pattern is formed or not depends on the neckline.

The current core contradiction of Bitcoin is the "continuity after the double breakout". The operation core: rely on the support of the upper boundary of the trading range to hold positions, closely monitor the breakout of $119,109 (short-term target) and $119,190 (W bottom neckline). The essence of right-side trading lies in "exchanging clear stop-loss for trend opportunities", rather than guessing the rise and fall—volume and neckline breakout will provide the final answer.

Meeting adjourned.