Daily Sharing

As Bitcoin continues to oscillate and fall, creating new lows, it once again formed a large bearish candle today, currently approaching 60500. The market here has severely broken through, basically denying the possibility of an upward trend at the daily level. In the short term, a new pullback at the daily level is expected, with the target range being 56000 to 59000. Although there will be a rebound at the 4-hour level later, it is currently difficult to reach the previously expected range of 69000 to 70000.

Ethereum has dropped below 3350, and the structure here is currently not performing well. The daily structure of Ethereum is incomplete and requires further observation and follow-up.

In the short term, with a wave of accelerated decline, there is a possibility that it has almost reached its bottom. In the short term, the support levels to watch are between 69500 and 60000. If it holds, a 4-hour rebound at the daily level is expected, followed by a continued decline.

BTC

Due to the rapid changes in the market, this article can only make predictions based on the market conditions at the time 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 market structure has been optimized. It is currently in a 1-hour downtrend that started at 66482 on June 20. It is expected to continue until around 60000 before a 1-hour rebound. If the next 1-hour rebound cannot pull back above 65000, there will be another 1-hour pullback to around 59000 to 60000, as indicated by the green arrows in the image.

Once the green arrows are completed and a divergence occurs, a second 4-hour rebound will appear, as shown by the blue arrows in the image.

The recent market rebounds have been weak, continuously hitting new lows. As a result, the 4-hour rebound has been delayed. It is difficult to go long in this market, and it is not suitable to short it further. A rebound is needed.

15M:

At the 15-minute level, due to the significant downward momentum, there is likely to be another 15-minute rebound and a 15-minute pullback. The support levels to watch are between 60000 and 59500. If the market stabilizes by tomorrow morning, there is a chance of a 1-hour rebound, with resistance at 64000 and 65100.

ETH

At the 4-hour level, Ethereum's decline has broken through the upper boundary of the previous 4-hour central range, and the three buys within the range are no longer valid. The subsequent 4-hour rebound may not reach 4000. However, there are doubts about the daily structure of Ethereum, as the previous daily rebound structure is incomplete, having only produced a 4-hour rebound. Therefore, it is best to remain cautious at the daily level for now.

Ethereum's overall 4-hour decline from 3977 has lasted for 27 days, forming a double central range decline. In the short term, it is important to see if the 1-hour rebound can break through 3500. If it cannot, there will be a 1-hour pullback to see if a second buy signal appears.

At the 15-minute level, a normal 15-minute rebound is still needed. If it cannot break through 3365, there will be a 15-minute pullback to around 3200.

The support for Ethereum's current 4-hour decline is around 3150 to 3200. Although Ethereum is resistant to decline, it has been brought down by Bitcoin. The next 4-hour rebound will depend on whether Ethereum can show strength again. If Ethereum cannot make a strong move before the launch of spot ETF, it may face significant selling pressure when the spot ETF is launched, and the market outlook may not be optimistic.

Trend Direction

Weekly Level: Upward, with an upward target of $180,000.

Daily Level: Downward, currently undergoing a daily level pullback from around 72000, testing the range of 56000 to 59000 again.

4-hour Level: Downward, currently in the first 4-hour decline within the daily level decline. If the short term stabilizes between 59500 and 60000, there should be an opportunity for a second 4-hour rebound.

1-hour Level: Downward, the ongoing 1-hour decline from 66482 has not yet ended. It is expected to retest around 60000.

15-minute Level: Downward, in the short term, a 15-minute rebound is expected. If it cannot break through 63500, it is likely to retest around 60000.

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This article is time-sensitive. Please be aware of the risks. The above is for reference only and is solely personal advice.

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