Daily level:
The daily level has shown a structural change for the first time after continuous rising
Today's daily line engulfs the bearish line, completely engulfing all the gains of the previous 4 days
After forming a tower top, the daily level has not shown signs of a decline being impeded
Today's daily line formed a slight pullback after opening, but the strength remains limited
Market sentiment has shown a significant change for the first time, gradually shifting from strong bullish to bearish
Four hour level:
The four-hour level has consecutively closed three bearish lines
Forming an overall engulfing of all previous gains
This likely represents an initial reversal of the trend
Signal of a top has already formed
A relatively weak rebound appeared after the decline to lower levels
It is highly likely that an initial downward trend at the four-hour level will develop here
One hour level:
The descending triangle concept mentioned in the last video has been successfully validated
The price formed a rapid decline after breaking below the neckline position of 95700
Testing the previous support-resistance exchange position near 92600
The rebound after the decline here is a weak rebound
Buying power is gradually weakening, while selling power is gradually increasing
I personally believe that the decline is not yet complete, currently in the early stage of decline
