5.13 Top Formation, Bitcoin Chan Theory Trend Dissection Market Analysis

The daily level rebound reached the important point of 786 The price position of 786 is around 102364, currently the highest position is 105820. There is a demand and expectation for a significant reasonable correction, and if it falls below the lowest price of May 9 at 102271, the daily level top formation will be established and completed, which will form a downward segment, that is, a segment at the 4-hour level. In terms of levels, the structures from 5 minutes - 30 minutes - 4 hours are already complete, and the divergence has also been perfect. Therefore, all the conditions for a significant level correction have been fulfilled.

From 74466 to 105820 is a segment of the 4-hour level, while the previous downward correction trend formed after the various levels of divergence at 97870 was ended by news, so 97874-93373 is not a segment, but rather becomes a segment within the 4-hour pen's central level. It has been mentioned before that the 4-hour level's correction segment is at least around 8000-10000 points. Currently, the 4-hour level's segment is complete, and the yellow and white lines of the 4-hour level along with the volume have all diverged, and the top's top formation structure has also been confirmed to be completed. Therefore, at this price, it can be definitively stated that the top at the 4-hour level has formed and is already in the market phase of the 4-hour level segment.

The reasonable ideal correction end position, which is also the second buying position, is expected at the 38.2 point of this segment, at the price position of 93842-93000, which is also the bottom position of the 4-hour level's central segment and the 30-minute nine-section upgraded central level.