To facilitate everyone's understanding of the charts, I will first provide some explanations. The displayed chart is the automatic drawing tool for the Chained Hui Chan Lun.

4-hour chart: The new low has been broken again. Currently, it is still in a potential consolidation and divergence state within the section, indicating a further reduction in bearish strength. If the downward trend ends and a bottom pattern is established, attention should be paid to the strength of the upward rebound, which corresponds to the 5-minute level (corresponding to the 5-minute chart or 15-minute chart) to see if it can break the high point above, expressing bullish sentiment. If it fails to reach, continue to observe for the formation of a non-new low, which would be a buy signal for the second pen.

60-minute chart: The dashed line corresponds to the current complete structure of the downward section within the 4-hour timeframe. The current downward momentum has shown signs of weakening. For those holding short positions according to yesterday's strategy, observe whether a 5-minute level buying point appears (currently clearer on the 15-minute chart, using the 15-minute chart as a reference for the 5-minute level, as the Chained Lun level is not just a time level), and consider reducing positions or hedging.

The current 15-minute chart, as a clearer reference for the 60-minute sub-level structure, should be used for reference. Intraday: Observe whether the upward trend can break the high point of the 1st pen, and then observe for the formation of a buy point that does not break the low point of the 2nd pen. You can follow a 15-minute upward line segment. For short positions, you can reduce positions or hedge after this buy point appears. If it breaks the high point of the 3rd pen and does not form a new low, forming a 15-minute buy, pay attention to the rebound at the 15-minute level. Bulls can try to intervene.

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The way of Chained Lun, the source of wealth [Welcome everyone to actively leave comments. If you like my analysis, you can also leave the cryptocurrency you want to analyze in the comment section.]

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