Daily Sharing
Yesterday, the 1-hour pullback of Bitcoin (BTC) approached our expected level near 60,000 without breaking through it. It is likely to form a 1-hour consolidation here and continue the rebound on the 4-hour timeframe. The overall 4-hour rebound should at least reach around 63,500 or near 66,000. It is recommended to be patient and not to short at the moment, as there is still some upward potential.
In the short term, the trend is relatively weak, but still bullish. It is advisable to wait for the completion of this 4-hour rebound before considering the next downward movement.
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 traders should pay attention to the latest market changes and use this information as a reference only.
1H:
On the 1-hour timeframe, the morning pullback once again approached 60,063 and then rebounded. It was initially expected to pull back near 60,000 in the morning, but it did not materialize. In the short term, there may be a consolidation and departure of the 1-hour rebound, so it is important to observe the strength of this rebound.
The current 1-hour rebound is still in progress, and it is crucial to observe whether this 1-hour rebound can break through 64,500.
15M:
On the 15-minute timeframe, the first 15-minute rebound has been completed. After this rebound, it is expected to have a second 15-minute pullback in the morning, which should not fall below 60,060. Then, there should be a third 15-minute rebound.
ETH
The structure of the 1-hour pullback of Ethereum (ETH) has been completed, with three internal movements as indicated by the yellow arrows in the above chart. In the short term, it is important to observe whether the 15-minute rebound can break through 3,420. If it can, it is likely to be running the third 1-hour rebound, as shown by the white arrows in the chart. If the short-term 15-minute rebound fails to break through 3,420, it is likely to pull back near 3,350 again before starting the 1-hour rebound.
On the 1-hour timeframe, after the completion of the second 1-hour pullback, there will be a third 1-hour rebound, with the overall potential to reach above 3,500. As for whether the entire 4-hour rebound can reach 3,730, there is currently a high level of uncertainty.
Trend Direction
Weekly timeframe: Upward direction, with the weekly target of attention at $180,000.
Daily timeframe: Downward direction, currently running a pullback from around 72,000, retesting the range of 56,000 to 59,000.
4-hour timeframe: Upward direction, with the ongoing rebound.
1-hour timeframe: Upward direction, currently running a consolidation and departure of the 1-hour rebound.
15-minute timeframe: Upward direction.
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This article is time-sensitive. Please be aware of the risks, and the above is for reference only and represents personal opinions.
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