BTC15daily Candlestick and 20daily Candlestick double top line, Candlestick formation is difficult to break through $110,000, so we must be cautious at the moment.

The Elliott five-wave structure is very standard, while also forming a divergence double top, so from a static analysis perspective, the current level can be seen as a v-shaped reversal of the bearish trend at the current level.

After the structure is established, it is necessary to defend the head and shoulders structure. For the big cake, the formation of the head and shoulders means that the subsequent market is a big bear market.

However, during the adjustment process, the current level 64316 is the most important, and this position is the only important support level at the current level.

The above views are for reference only and do not constitute any investment advice