$BTC Today I happened to encounter a K-line like this, so let me briefly explain the technical characteristics of a low-position hammer line.

1. Appears in a downtrend, with a small body, and the body is positioned within the day.
The top position of the price.

2. The lower shadow is long, with a length of two times or more than that of the body.

3. The entity can be either a bearish candle or a bullish candle.

4. No upper shadow, and if there is one, it is very short.

The "hammer" candlestick pattern that appears in a downtrend at the four-hour level in Figure 1 looks like a "hammer" shape.

This is why I went long at 90600, and the facts prove that there was indeed a space of 3000 points.

Next, we will see if the daily line closes in the morning can achieve a formation similar to the four-hour level. If so, this wave of the trend can be considered reversed. After the reversal, it is believed that the K-line will form a 2B shape, and then we can look for a bullish trend after a pullback.