The market conditions last night were indeed unexpected and quite troublesome. Just yesterday, we were saying that the bulls seemed a bit weak, and the double bottom support looked likely to be broken. Before the evening surge, the overall market trend did indeed align with that judgment. Who would have thought that the market would actually experience a major reversal in the evening, with the bulls suddenly gaining momentum and rushing straight towards the vicinity of 100,000.

From the 4-hour structure chart, the candlestick pattern shows that the double bottom support played its role, followed by a large bullish candle that surged above the moving average. The bulls exerted force again, breaking the previous short-term downward pattern and returning to a bullish trend. Although there have been consecutive bearish candles on the daily level, they were broken by a large bullish candle that disrupted the downward channel. Currently, there seems to be pressure around 100,000 in the short term, so we need to pay attention to the situation of this resistance level.

The operational strategy is as follows:

If it pulls back to the range of 97,500 - 97,000, then go long, setting a stop loss of 600 points,

The target is aimed at 100,000 - 100,500. If it reaches this position without a breakout, then one can consider taking short positions.

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