After a significant rise, the big coin has once again reached the 110,000 mark. At this point, some say there is a double top on the weekly chart, indicating a significant drop; others say that around 110,000 is the fourth attack, and this time it will definitely break.
Let's categorize the movement structure specifically:
Several classifications of movements to follow:
The first scenario: 2-4 is the central structure of the weekly chart. 5-6 breaks away from the central structure, and then 6-7 forms the third buying point on the weekly chart. After 7, it is on the daily chart, where there are two classifications: divergence and non-divergence. The probability of divergence is greater, so after 8, it will be a reversal on the weekly chart, and there will be a longer-term pullback at that time.
The second scenario: 1-5 or 3-5 forms the first pullback on the weekly chart. After 5, it is on the weekly chart, then after 7, it is the third segment on the daily chart starting from 5, which is currently not completed on the daily chart.
Regardless of whether it is the first or second classification, after 7, it is still on the daily chart. Currently, it is just the first segment of the second central structure on the 4-hour chart, so the daily chart after 7 is far from over.
The second central structure on the 4-hour trend, so there are no opportunities at the 4-hour level, only holding long positions. The trading opportunities are only at the smaller 30-minute level.
If it consolidates here for a while before rising, after reaching a new high, there is a high probability that a divergence will occur in the 4-hour trend. If there is a divergence, a short position can be taken here, and we will observe the downward strength in the following 4 hours. If the strength is strong, there is a possibility of a small to large shift on the daily chart starting from 7. If the strength is weak, then the daily chart will need to continue for a longer time after 7.