#DOGE冲冲冲 Dogecoin (DOGE) 4-hour K-line chart against USDT, key analysis as follows:
1. Main observation points
Trend breakout: The price has broken through the yellow descending trend line and the sideways fluctuation range, indicating the end of the downtrend and bullish dominance.
Fibonacci resistance: The current price is close to the 0.618 retracement level (0.39947), and the target after breaking through points to 0.4579 (0.786 retracement level).
2. Market interpretation
Bullish expectation: After breaking through the trend line, the price is expected to continue rising, focusing on whether it can hold above the resistance level of 0.39947.
Retracement support: If there is a retracement, the support levels are at 0.37325 (0.5 retracement level) and 0.34703 (0.382 retracement level).
3. Operational suggestions
Go long in the direction of the trend; increase positions upon breaking through 0.39947, and set stop-loss near the retracement support levels.