Analysis of Candlestick Trends
The main features of the recent market:
From the AICoin data chart, it can be seen that the market experienced a round of upward movement and peaked near 102,724 on January 7th, but then quickly fell back to around 97,065, with a retracement of about 5.5%. This segment of the trend shows the characteristics of a high-level retreat, accompanied by long shadow candles, indicating a significant weakening of bullish momentum and the dominance of bears.
Support and resistance positions:
Support level: The recent strong support is at 96,000-96,500, which corresponds to