Naked K technology analyzes Bitcoin, don't miss it as you pass by. The market is just as expected yesterday. After the daily line closes, the support has slightly broken, it's ambiguous, does it count as a break? If the daily line closes up today, it won't be considered broken. Waiting for the daily line takes too long; if a big bullish candle appears today, then the long position would have missed too much.

No problem, let's take a look at the lower time frame to see if we can find opportunities in advance. The lower time frame of the daily line is the 4-hour chart. Why look at the 4-hour chart? The answer is that every trend, whether up or down, will have a consolidation phase beforehand, which is to form a top or bottom structure. Only after the structure breaks will the trend begin. It is obvious from the chart that the double top structure in the upper left has broken, and a downward trend has encountered support here. To rebound and achieve an upward trend on the daily line, there must be a bottom structure on the 4-hour chart, and only after the structure breaks, that is, after breaking the neckline, will the upward trend begin. Tops and bottoms correspond to each other, and the parts outside the tops and bottoms represent the trend.

How is the 4-hour chart performing? It is very clear on the chart that after closing at 12 o'clock, it has stood above the left opening price, and after closing, it is a very good right-side opportunity. Why emphasize that it must stand above that price? In a trend, sometimes there will be an 'N' shape, which everyone knows. In an upward trend, it breaks the left high and then retraces; in a downward trend, it breaks the left low and then pulls back. So it is crucial to emphasize that it must stand above the left low. If it doesn't stand above, it would just be a break and pullback, continuing to decline, right? What is meant by standing above here, including breaking through, refers to the entity opening price of the candlestick, not the shadow. As for how far this wave can rise, you can refer to my article from yesterday.