K Line Teaching Post

Double Needle Bottom

The pattern generally occurs during a downtrend, where a candlestick with a long lower shadow suddenly appears, followed by another candlestick with a long lower shadow within a very short time frame. The lowest prices of these two candlesticks are very close or even the same. In this case, it indicates that the bearish momentum is exhausted, the bottom is basically confirmed, and the market may be about to reverse, with the bulls launching a counterattack.

Double Needle Bottom K Line Pattern $BTC #美国GDP数据即将公布