The recent trend can be described as perfect, first soaring over 3000 points, followed by a drop of several thousand points. Yesterday, the market took down 1800 points during the day and also at night, reaching 2000 points. As early as Monday, after the market started to decline with higher trade volumes, it had already predicted a range-bound movement. The range-bound movement depends on the volatility in the last hour; if the volatility is significant enough, it will move around the high and low points of the last hour. If not, it will move around the high and low points of the four-hour period. Looking at the range of the fluctuations, it just happens to be the volatility of the last hour that is still fluctuating. During midday yesterday, the market initially broke the bottom but quickly recovered, indicating a potential breach of the high. The points for breaking the bottom and breaking the high are consistent, suggesting there is no continuation but rather a range expansion. Thus, in the early morning, it was mentioned in the broadcast that the market could be on a high. The defense only allowed a 150-point drop, but it did not break. Therefore, understanding the support and resistance levels is crucial.

From the current overall trend structure, the fluctuations after higher trade volumes are corrections. We are waiting for the indicators to catch up with the trend structure, and both sides of the range have already broken out. Therefore, there have been a few times of fluctuations, and the main rhythm must still be fluctuating. The time for the fluctuations has already reached three days, so the range fluctuations are nearing their end, as generally, corrections last for three days before moving towards a new small trend. Similarly, the continuous contraction on the four-hour chart has already caught up with the trend structure, currently near the lower Bollinger band. As long as it breaks down a little more, the fluctuations will continue to weaken. Therefore, as we approach the end of the fluctuations, it will be more appropriate to follow the trend fluctuations.

Around 111900 to 112300, pay attention to the vicinity of 110200. #btc