Four-hour level:

Multiple bottoms have formed at the four-hour level ahead

Starting from the bearish candle at 12:00 on December 14th until now

Another V-shaped bottom has formed

And after the first impact at 104,000

A complete and clear four-hour level head and shoulder bottom has formed below

Whether a top exchange can occur here should first focus on the test situation of the neck line position at 101,800

However, it currently appears that the bottom pattern at the right shoulder position is significantly higher than that at the left shoulder position, forming a clear trend line and bullish arrangement

This indicates that a larger bullish trend may emerge again, and after a breakout, the ideal expected price level is around 110,000