Daily Sharing
In yesterday's analysis, we mentioned that if the short-term pullback of the big coin does not break 38600, it will test above 39000 again. In the early morning, there was a rapid pull, and the current spot price has reached as high as 39717, completing the upward growth trend at the 1-hour level.
The current trend continues to extend upwards, and many people are considering whether the price will continue to surge like it did in mid-October. From the current structure, I think the probability is not high. In October, the rebound from 26500 at the 4-hour level, as I mentioned in the previous reflection and summary, the actual 1-hour structure at that time was larger in amplitude than the first wave, so the surge was very intense.
Through a simple comparison of the above image, we actually found that although it continues to refresh the high points, the structure is constantly diverging, and the upward momentum is not as strong as it was in October.
Therefore, the duration of the daily uptrend cannot be sustained for long, and a daily pullback will occur in the near future. This is my view of the daily trend. Of course, this does not mean that there will be no further rebound at the moment. In the short term, there should still be a chance to go up again. The 40000-42000 range above should be closely watched, as this is actually a multi-period heavy pressure zone.
If our expectations are correct, the subsequent pullback will be an excellent opportunity to bottom fish mainstream currencies. Now everyone thinks that the rise of mainstream currencies is very good, but the actual larger rise will occur in the second wave of the uptrend after the daily pullback, which is when the expectation is the main wave of the altcoin season. This is also to encourage those who are still on the sidelines. There are still good opportunities to get in, it just depends on whether you can be patient enough to wait. If you really want to make money smoothly, you still need to buy during the pullback, buy when no one is interested, and sell when everyone is excited.
BTC
Due to the rapid changes in the market in the short term, the article can only make predictions about the market changes at the moment of publication. Short-term players should pay attention to the latest market changes, and use this information as a reference only.
1H:
At the 1-hour level, the current rebound at the 1-hour level is still ongoing. It may touch around 40000 again, or slightly above it. It is likely that a 1-hour level pullback will occur soon, and the next 1-hour level pullback should not break 38200. There should still be a chance for another rebound at the 1-hour level, possibly reaching above 40000 again, or possibly not breaking the previous high. Then it may end the current 4-hour level rebound that started from 34800.
15M:
At the 15-minute level, it is currently forming a 15-minute level rebound. Here, we need to first consider the psychological pressure near 40000, and then the 40000-41000 range.
ETH
At the 4-hour level for Ethereum, it has finally broken through 2140. I have been emphasizing for some time that I personally believe Ethereum will continue to reach new highs. Currently, its trend is almost in sync with the big coin. Above, pay attention to the resistance situation in the 2200-2300 range.
At the 1-hour level, it is still in the process of a 1-hour level rebound. Here, we first look at the resistance in the 2200-2230 range. If it does not break through, there should be a 1-hour level pullback, which should hold above 2100, and there should be another three-buy to reach a new high.
Trend Direction
Weekly Level: Upward direction, currently a continuation of the weekly rebound from 15476, pay attention to the subsequent daily trend for when it may end.
Daily Level: Upward direction, likely to end soon, potential range entrapment divergence.
4-hour Level: Upward direction, the 4-hour level rebound may still lack a 1-hour down and a 1-hour up.
1-hour Level: Upward direction, the 1-hour level rebound is focused around 40000, and there may be a 1-hour pullback tomorrow.
15-minute Level: Upward direction, the current 15-minute level rebound depends on its strength. If the strength is not strong, a 1-hour level pullback may be imminent.
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The article is time-sensitive, so be aware of the risks. The above is only personal advice and is for reference only!
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