$BTC
Ming Ge shares a high win-rate empty rotation multi-pattern (after a long-term downtrend breaks an important support level, a second and third probing occurs with reduced volume without breaking new lows).
This time, it involves crude oil as the underlying asset, temporarily using WTI for illustration. First, looking at Chart 1, it shows a long-term downtrend, and there is a clear yellow box support level that has held up the crude oil decline for over three years. However, on April 4, it accelerated and broke through.
Generally, after a long-term bearish pattern breaks important support, it tends to accelerate downwards. However, after this break, there was a clear second probe and a third probe. One characteristic is that with each new decline, the trading volume decreases, and the decline's magnitude also becomes smaller.
If it breaks an important support level and then retraces, forming a new downward consolidation, it often gradually and slowly breaks the previous lows, and local rebounds will definitely become weaker. This point can assist in judging whether it is a downward consolidation or the end of a downtrend.
If one chooses to enter after the second probe, although the position is good, it still cannot be ruled out as a downward consolidation, since it is normal to retrace to the lower edge of the platform after breaking it. However, the position for the third probe is quite high, and then continues to reduce volume. At that point, it can basically be confirmed that it is the end of the downtrend and not a downward consolidation. In other words, after the rally on June 2, it can be basically confirmed that the third probe is complete. Therefore, entries can be made on the 3rd, 4th, and 5th, and Fei Zong suggested entering at the 62-63 position on the 4th. At that time, there was still no news of war; it was purely a technical judgment for entry. As for stop-loss, it is generally more appropriate to place it just below the third probe.
As for the target for the upward movement, generally, when it breaks through a platform without accelerating,