Daily level:
The daily level closed as a star line bearish candle yesterday
After the closing line, today's daily level is bullish
It can be confirmed that yesterday's and the day before yesterday's star lines are adjustment-type star line bearish candles
The overall buying power from the previous day's rise was consumed in yesterday's star line bearish candle
This has led to a continuous influx of buying power at the daily level, becoming stronger
Market sentiment is gradually shifting from stable bullish to strongly bullish
Four-hour level:
The four-hour level has formed multiple bottoms in front
From the bearish candle at 12 o'clock on December 14 to now
Another V-shaped bottom has formed
And after the first impact on 104000
A complete and obvious four-hour head and shoulders bottom has formed below
Whether it can form a top exchange here needs to first focus on the testing of the neck line position at 101800
However, it seems that the bottom shape of the right shoulder is significantly higher than that of the left shoulder and forms a clear trend line and bullish arrangement
This means that the bullish major trend may emerge again, and the ideal expected price after the breakout is around 110,000
One-hour level:
An obvious and strong ascending triangle has formed at the one-hour level
The continuous rise of the swing low points indicates a gradual strengthening of bullish strength
In the bull market of the crypto circle, ascending triangles are usually broken upwards
The flagpole position of the ascending triangle is: 98100-101800
Therefore, the first segment of the equal distance rise target after the breakout is:
From 101800-105600
Therefore, the trading strategy is primarily to buy on dips
The target price will first look at the equal distance rise of the ascending triangle at the one-hour level:
101800-105600
The second target is the head and neck line position after the four-hour head and shoulders bottom breakout:
101800-110000
