📕What is a neckline, effective breakout, effective breakdown
If you don't understand, you can ask me in the comments $BTC $ETH

$ETH Long Yin plus long lower shadow, closed above the support level, if the closing volume at 20 o'clock in the evening is determined to be a high volume column, and the support is not broken, it will rise 📈 (support pressure as shown in the figure).
The exchange rate has broken the neckline in the 15-minute chart, and the weekly line of the 4-hour chart has broken through 0.03718, which is more certain to rise 📈.
The upper pressure level of the daily line is 3985 and 4000. If it does not break upward, it will fall. The support level is around 3830. If the closing line falls below, it will go to a high hanging recovery, and the target is 3730, 3690, 3630 (the last defensive position of the daily bulls).

$BTC $BTC Trading is not about taking things at face value. There must be logic in the middle. This way, it is clearer and more intuitive. Pay attention to whether the closing line of the 4-hour chart falls below 103,800. If it does not fall below, there are two trends as shown in the figure. If it falls below, it will go to the next interval, go up and down, and then break the neckline with an M head, and the downward force will be greater.

The pancake is also as expected 👇🏾 Just go back to the trading logic and points.

As expected 👇🏾

Secondary level of 4 hours, the closing price has fallen below 3942, the exchange rate has also fallen below, forming a high hanging reversal, high 4 is established, with upper resistance levels at 3960 and 3986 (which are also daily level resistance), if the rebound does not break, it will continue to decline, with lower support levels at 3910, 3880, and 3830 (which are also daily support levels).
3846 is the head and shoulders line for high 3 and high 4. If the closing price cannot hold here, I will provide a few further support levels, 3760, 3630, and 3500 (the latter two can be used for pending orders to receive spot, also daily level C point support).
For those trading contracts, please be sure to control your position well. Tomorrow morning's daily closing is quite crucial. If the closing price breaks through 3986, combined with the interest rate decision at 3 a.m. on the 19th, there may be a spike upward, with resistance levels still around 4100, 4150, and 4270.
In the cryptocurrency market, there are no absolutes, always respect the market and be prepared for both scenarios.

If it does not fall below 106300 by 8 PM, it will continue to rise, and 108200 will arrive as expected👇🏾
On the 4-hour level, it still hasn't fallen below 106300, and there might be a chance to reach 108800 during the night. Pay attention to whether tomorrow morning's daily line will show a high volume bar corresponding to the stagnation signal of the three scholars.

$ETH The secondary wife retreated to 3885 yesterday for 4 hours, a few dollars above the expected first support level. Similarly, you can switch to the 15-minute chart to find entry points.
Daily level: This morning's closing did not break the left high and the opening price of the large bearish candle, and a long upper shadow was formed. Pay attention to whether tomorrow morning's closing will still not break through, and if the volume forms a high volume bar, there will be a pullback. The support levels below are 3900, 3835, 3690, and 3630 (key neckline). If there is an effective breakthrough, the resistance levels above are 4100, 4150, and 4270. This should be combined with the exchange rate and the closing situation tomorrow morning. 0.03756 is a key level; if it supports the candlestick to form a small doji corresponding to the high volume bar, there will be a wave of increase, with higher resistance levels above.
4-hour level: Only if the closing is below 3974 will it continue to decline. The support levels below are 3942, 3910, and 3850, while the resistance levels above are 4055, 4070, and 4108.
This daytime market is too intoxicating; set your alarm clock and do what you need to do, don’t let the Americans harvest the leeks and waste a lot of beautiful youth 🫠

$BTC The newly introduced caramel coffee ☕️ is not bad~~
The big pancake reached a new high last night, exceeding the 107000 resistance level I provided by a few hundred dollars. This is the needle point slope resistance level on the daily chart. In the absence of any data or major good news, the first time it reaches this level will usually result in a pullback. On the 4-hour chart, it retracted to 103333 last night, which is over 300 away from my first resistance level. At this point, switching to the 15-minute chart to observe the double bottom breakthrough structure can also capture this wave of increase.

Now, we need to pay attention to whether the 4-hour chart can close below 106300. If it breaks below, there will be a high hanging restoration, with support levels at 105500, 105000, and 103800 (which is also the dual support of the daily channel midline). If it breaks below 103800, the support levels below are around 103000, 101500, and 100600.
If it is still hovering above 106300 at 8 PM tonight, it may be another late-night scenario of manipulation in the U.S. market, with upward spikes around 108200 and 108800, followed by a downward pullback.
Currently, both the 4-hour and daily charts have the potential for a bullish three-wave structure. Tomorrow morning's daily close is crucial; we will see if it closes below 108200, corresponding to the high volume bar indicating a three scholar stagnation signal.
📝 Weekly support can boldly split the position and connect with spot trading, ratio of 235 or 334

$ETH Auntie, 4-hour level, the last defensive position of 3832 mentioned yesterday was inserted 4 times but did not break down. After breaking through the 15-minute chart, it also gave 2 opportunities to step back and confirm that it would not break the previous low.
The closing line at 16:00 did not break through the left neckline. Pay attention to whether the closing line at 3935 at 20:00 can support it. The upper pressure level is around 4035, 4060, and 4090, and the lower support level is around 3878 and 3832.

The weekly channel pressure level of 4024 hit this morning, I gave this position on the 14th, and the daily line did not pass the left high big Yang line pressure level of 4004. The closing of the daily line tomorrow morning will not pass this position. It will close as a small K line below 3960, and will continue to decline. The lower support level is around 3832, 3700, and 3630 (daily neckline). The position of 3630 is very critical. If it holds here and forms the daily level B point, it will continue to rise. If it breaks through the upper pressure level near 4090, it will reach a new high. It is temporarily seen near 4190. We will see as we go.

The big pancake of $BTC , this morning the weekly line closed below the pressure level of 106000. The daily line broke through the pressure level of 103000, then quickly pulled back to above the closing price of the large bullish candle at the 4-hour level. After this large bullish candle, only one K-line was formed. Normally, a long bullish candle with a long upper shadow closing below the support level is a signal for a downward trend. In terms of volume, a high volume bar was also recorded at 16 points. We can patiently wait for the closing situation of the third K-line at 20:00. If it closes below 104600, it will continue to decline, with support levels around 103000, 101800, and 100600. If the closing effectively breaks through 104600, the upper pressure levels are around 106000 and 107000. This is all referring to the 4-hour level.

From an overall structural perspective, there is a possibility of a high three formation at the 4-hour level. The weekly line also reached the upper boundary of the channel this morning without breaking through. If going long, be sure to set a stop loss, which can be placed near the previous low of 104000.

🗓️ This Thursday, the 19th, at 3 AM there is an interest rate decision. If the daily line support at 101400 does not break, and if there is positive news, it is possible to quickly spike to around 111500. If this breaks effectively, the upper pressure levels are around 121500 and 123000. In case of negative news, the lower support levels are around 98500 and 95000.

At the weekly level, the support levels are around 96600, 91700, and 89900.

$ETH $BTC Daily level as shown below 👇🏾 If the 15-minute chart makes another high without breaking the previous high, or if the M-head triple tops break the neckline, long positions can be reduced, and add back on dips.

$BTC Big pancake focuses on the 4-hour chart closing. If it effectively breaks below 101100, it will first target a high hanging restoration level of 99880. If it holds here, it will then move into a 4-hour range, with resistance levels around 101800 and 102500.
If the neckline at 99500 is effectively broken, the high three M-head formation at the 4-hour level will be established, which means the daily line will form a high three. The first target, with a high probability, will be around 96600, which is the C point of the daily line. If it doesn't break down, the short position still can't be too structured; it's not the time for a long short yet.

$ETH The concubine was disconnected at 4 AM after breaking the neck line at 3872. Here, the opening price of the large bullish candle on the left side is also the last line of defense at 3832, which is also the support of the daily level large bullish closing price. If it effectively breaks below this line at 8 AM, the resistance levels above are 3872 and 3889. If it does not break these two positions on a rebound, it will continue to decline (because it is a high three at the 4-hour level, breaking below 3832 may not have a rebound and go down directly). The support levels below are around 3755, 3682, and 3620.

$ETH The daily level analysis indicates that the upward momentum is insufficient, and the closing price did not break the previous high. 3872 is the neckline on the 4-hour chart and has dual support on the weekly chart. Only by breaking below this level will the 4-hour downtrend truly begin. Now we wait for a choice of direction after oscillating between 3935 and 3872. If there is an effective breakout, the resistance levels above are 3966, 3994, and 4024. If there is an effective breakdown, the support levels below are 3832, 3755, and 3682.
Of course, aggressive traders can also go short at the high and long at the low during the oscillation, just remember to set stop losses.

$BTC This morning, the daily closing price of the big cake broke through the left side of the big sun closing price. The 4-hour level did not break the neckline of 99480 yesterday. The bottom was raised and a low hanging recovery was made. It broke through the middle track of the channel. If it did not break, it would continue to rise. Pay attention to the closing price. If it does not break 101500, it will continue to rise. The upper pressure level is around 103000, 104000, and 105800. Only when the closing price effectively falls below 101100 will it continue to fall. The lower support levels are 100400, 99250, 98500, and 96500. 99500 is the key neckline. If it is effectively broken here, the decline at the 4-hour level will really start.
The daily level channel pressure level is 103000, and the lower support is around 95000, 91500, 90800, and 88800.

📝We should cultivate the ability to identify the current supply and demand relationship in the market through the detailed changes in price and trading volume, without using technical indicators. By interpreting the supply and demand relationship, we can grasp the market pulse in real-time, and we can detect signs of changes in the market in advance - "Wyckoff Method"

$ETH Auntie's four-hour level currently has a large bearish candle breaking through the middle of the channel, closing and pulling back for a second confirmation without breaking 3935. Here, we continue to decline, paying attention to whether the position at 3872 can be effectively broken. If it breaks, the high three M-top will be established, with support levels around 3832, 3752, and 3618.
It is important to note that Auntie is currently only at high one on the daily chart, and high two has not yet been established. If the short position is profitable, remember to take profits.

The large pancake of $BTC is currently at the high three level in the high area on the four-hour chart. In the middle of the night, there was a false breakout that reached the high one, quickly retracting by 3000 points. Here, a large bearish candle directly fell below the left side's large bullish closing price support of 100350, forming an M-top. Therefore, if the rebound does not surpass 100350, it will continue to decline. A valid breakout will move upwards. The upper pressure levels on the four-hour chart are around 100800, 101800, and 102500. The lower support levels are 99180 (key point of left high support), 98480, 97750, and 96500.
The M-top on the four-hour chart has broken the neck line, and considering the daily chart has not broken the left side's large bullish closing price, it has formed a small bearish candle. Structurally, this is also a small high three within the high three, so I will primarily focus on short positions.
If trading at the four-hour level, once in position, one can observe the secondary 15-minute chart's top and bottom structure to find entry points. Taking the current 15-minute chart as an example, a valid breakout of the neck line at 100450 will lead to a rebound, while a valid drop below 99600 will continue to decline.

$BTC The daily support was closed at 8 am, and it was also closed above the lower track of the 4-hour channel. 99000 is a key position. If the entity breaks through and stands firm, then point C will be formed. If it cannot be closed, it will continue to oscillate in the triangle area. If the entity effectively breaks through the lower track of the channel, it will continue to go down. I woke up too early in the morning and happened to encounter extreme market conditions. I am really confused. I still have to learn about non-extreme market conditions. Only spot holders can laugh to the end in this market. Ps: I am not predicting the market. I don’t have that ability. I am just talking about the next two possibilities.