Early market surging signal bursts! Bullish engulfing + Doji morning star dual pattern resonance, is it about to reach 116,000? #加密市场反弹
This morning, $BTC formed a solid bullish candlestick with upper and lower shadows, combining with yesterday's candlestick to create a 'bullish engulfing'. Additionally, a doji morning star pattern appeared at the bottom, indicating that the market is starting to rebound upwards.
However, looking at the weekly chart, last week closed with a solid bearish candlestick, but fortunately, the closing price stayed above 114,000, so it didn't drop too badly.
The focus now is on the head and shoulders bottom structure. BTC has already broken through the neck line at 114,000, and the next target is to challenge the resistance at 115,000.
If we calculate based on a 1:1 proportional increase, after breaking 115,000, it is highly likely to reach around 116,000.
My personal opinion is to wait for the right side trading until it firmly breaks above 115,000 before going long, initially targeting 116,000, and then watch for 117,200 if it rises high;
If after breaking 115,000 it gets pushed down by a large bearish candlestick, then short it in the direction of the trend, initially targeting 114,000, and if it breaks below, then watch for 113,000.
Want to counter the market makers? Come find Brother Li, I will lead you to identify signals in the market and avoid the pitfalls set by market makers!