Daily Sharing

In last night's article, we mentioned that if Bitcoin breaks through 55500, we would expect a rebound at the 1-hour level, and it has already broken through. We are now focusing on a rebound around 57500 or near 58000 at the 1-hour level, and after this rebound, there will likely be another 1-hour level pullback.

Yesterday, we discussed the overall trend and pointed out that Bitcoin is currently experiencing a weekly level pullback. We roughly mentioned two potential positions for the pullback, one near 50000 and the other near 44500. Objectively speaking, we are uncertain about the extent of the pullback, and we can only determine the low point once we reach a point where we can't go any lower. Therefore, both of the aforementioned positions need to be considered.

Of course, subjectively speaking, if Bitcoin falls below 53000, over 80% of miners will shut down, and the probability of staying below this level for a long time is not high. In terms of market sentiment, after nearly a month of fluctuation and decline, the market is currently in a state of extreme panic. Most altcoins and mainstream cryptocurrencies have reached very low levels, creating a highly imbalanced market. Altcoins and Bitcoin are not on the same level; Bitcoin is experiencing a slight pullback near its historical high, while many altcoins are near their historical lows. One is near its historical high, and the other is near its historical low. Therefore, personally, I believe it will be difficult for Bitcoin's current round of pullback to effectively fall below 49000 without rebounding.

From a weekly level perspective, once the pullback at the weekly level ends, it will mark the beginning of a new uptrend at the weekly level. This uptrend level is equivalent to 15476~73777. Therefore, I firmly believe that the biggest opportunity of this bull market is approaching. When the new uptrend at the weekly level starts, it will be a trend lasting more than six months. Therefore, the next opportunity for positioning will be in July and August. Currently, we need to patiently wait for the completion of the third daily level pullback structure to enter the market.

BTC

Due to the rapid changes in the market in the short term, the 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 the information as a reference only.

1H:

At the 1-hour level, we are currently in the second rebound of the 4-hour level decline. We are observing whether this rebound can reach 57500 or near 58000, and there should be a third 1-hour level decline afterwards. For the third decline, we will focus on 52500 and 51500.

15M:

At the 15-minute level, we need to observe whether a 15-minute level center is being formed at the moment, and then there might be another push towards 57500~58000. After the push, we will need to observe a 1-hour level pullback to around 53000. If it falls below 55500 in the short term, we will directly consider that we are in a 1-hour level pullback.

ETH

Ethereum is also currently in the second rebound of the 4-hour level decline. This rebound is expected to reach around 3040~3060, and we will see if it can go further up from there. There should be a third 1-hour level decline afterwards, and we will observe if it has the opportunity to reach 2750.

Trend Direction

Weekly Level: Downward. Currently in a weekly level decline, and a new uptrend towards 100,000+ will only start after this decline is completed.

Daily Level: Downward. Currently in a pullback from around 72000, with a focus on 50000 or 44500 below.

4-hour Level: Downward. Currently in the third 4-hour level decline, looking to see if it can stop around 51500~52000.

1-hour Level: Downward. Currently in the second 1-hour level rebound, observing if it can go further up, and there will be a third 1-hour level decline afterwards.

15-minute Level: Consolidating. In a consolidation phase near 56600, observing if it can push up further.

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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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