Daily line level:
The daily line level yesterday closed as a star line bearish line
After the close, today's daily line level shows bullish
Can confirm that the star lines of yesterday and the day before are adjustment-type star line bearish K
The overall buying power of the previous day's rise was consumed in yesterday's star line bearish K
This leads to the continuous increase of buying power at the daily line level, becoming stronger
Market sentiment gradually shifts from stable bullish to strongly bullish
Four-hour level:
The four-hour level has formed multiple bottoms in front
From the bearish K starting at 12 PM on December 14 to now
Once again forms a V-shaped bottom
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 should first focus on the test situation of the neckline position 101800
But currently, the bottom shape of the right shoulder position is obviously higher than that of the left shoulder position, forming a clear trend line and bullish arrangement
This means that the bullish large-scale trend may rise again, and the ideal expected price after the breakout is around 110,000
One-hour level:
The one-hour level has formed an obvious and strong ascending triangle
The continuous rise of the swing low indicates a gradual increase in bullish strength
In the cryptocurrency bull market, ascending triangles usually break upward
The flagpole position of the ascending triangle is: 98100-101800
Therefore, the first segment of equidistant upward target after the breakout is:
From 101800-105600
Therefore, the trading idea is mainly to buy on dips
The target price is primarily looking at the upward equidistant segment of the ascending triangle at the one-hour level:
101800-105600
The second target is the position of the head and neckline after the four-hour head and shoulders bottom breakout and top-bottom exchange:
101800-110000
