Yesterday, Sunday, the relatively calm weekend in the currency circle was disrupted by a lightning strike early Sunday morning, causing BTC to plummet by over 7000 points from 68000, hitting a low of 60660, and Ethereum dropping from 3300 to 2850. Other altcoins also suffered significant losses, creating a pitiful scene. Currently, Bitcoin has rebounded to above 65000.

This account had anticipated a major pullback on Saturday morning, expecting it to break through the 4-hour center low point of 60777 after falling below the new high of 73777. However, the rapid and fierce manner in which it occurred was unexpected. Even though the downturn was anticipated, it still stirred up emotions when it actually happened.

Of course, it is still too early to determine whether yesterday's rapid and violent downturn is the low point of this round of correction or if it represents a daily level three-buy point. The future trend needs to be followed and analyzed. The support at the 60000 level is crucial. If it is effectively broken, there is a high probability of directly leaving the 4-hour segment downward and forming a new 4-hour center, which will test the 50000 level.

First, let's look at the 4-hour live chart. It can be seen that the current rapid pullback is caused by two non-new high two-sells, which was the basis for the prediction of breaking the new low on Saturday. The appearance of a sell point inevitably leads to a decline. This is the only conclusion drawn from the Ichimoku Kinko Hyo theory and is indisputable.

After breaking the new low, it is evident that there was a significant volume of selling. However, after reaching the support at the 60000 level, it was quickly pulled back by the bulls. When the market plummeted early yesterday morning, the exchange's U premium rose to over 7.5, indicating a large influx of funds for bottom fishing. It is still too early to judge whether the market has reversed. If the blue trend in the chart shows a second buy, the probability of a reversal increases. Therefore, the next step is to closely monitor the strength of the downward movement after the end of the current rebound, following the evolutionary trend of the 30-minute sub-trend type.

Looking at the 30-minute chart, after the clear high point two-sell, the volume did not diverge during the decline, making the trend very complex, and it is difficult to make an accurate judgment without a center structure. However, the current rebound is also quite significant. The key is whether it can enter the center range (yellow box). If a third sell appears, the probability of continuing to make new lows increases.

During the most panic-inducing moment of the plunge, when Bitcoin was over 61000, this account proposed to the community to gradually enter the spot market for bottom fishing, taking advantage of the rebound first. For those who followed the bottom fishing and have a large position, they can reduce their position and wait for a buying point to re-enter when it appears on the 30-minute level.

If you are interested in Ichimoku Kinko Hyo and want to obtain learning materials for free, watch public live broadcasts, participate in offline training camps, improve your trading skills, and build your own trading system to achieve stable profitability by using Ichimoku Kinko Hyo technology to timely exit and bottom fish, you can scan the following QR code to follow the public account and message to add this account's WeChat to join the study group!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。