Market analysis on September 29th: The 1-hour chart of AICoin shows a relatively small retracement for the time being. Please note that there is still a possibility of further extension.

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4 hours ago

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Two days ago, Bitcoin surged to around 66500 and then began a small-scale pullback. It has now successfully completed a 1-hour level pullback. Structurally speaking, this 1-hour level pullback is complete, and a new 1-hour level rebound may begin. Unless it continues to fall below 65000, we should be aware of the possibility of another surge.

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BTC

Due to the rapid changes in the market, this article can only make predictions about the market changes 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, Bitcoin has completed the 1-hour level pullback structure and is ready to start a 1-hour level rebound, as indicated by the white arrows in the image above. However, it is uncertain whether the short-term 1-hour level pullback will extend and fall again. Pay attention to two positions below: 64800 and 64000. If it falls below 64800, there is a probability of over 75% for a 4-hour level pullback, and if it falls below 64000, the probability of a 4-hour level pullback is over 90%.

15M:

At the 15-minute level, Bitcoin has completed the down, up, down three 15-minute structures of the 1-hour level pullback. If it maintains above 65000, there is still a chance for another surge to above 66500 or 67000, followed by a 4-hour level pullback. If it currently falls below 64800, the probability of a 4-hour level pullback for Bitcoin increases.

Considering the current situation, it is not suitable for long positions at this time, as a 4-hour pullback could occur at any time. Unless it stabilizes around 65000, a short position may be considered. Also, pay attention to 66000 above for a potential breakthrough and a 1-hour level rebound.

ETH

Ethereum has completed the down, up, down three 15-minute level structures, so the 1-hour level pullback can be considered complete. However, it is uncertain whether Ethereum will extend downward. If Ethereum continues to fall below 2610, it will likely continue to extend downward to around 2550. If Ethereum maintains above 2616 in the short term, there is a possibility of another 1-hour level rebound to around 2750.

Regardless of the structure, caution is needed for short-term positions. There is a tendency for a potential surge followed by a 4-hour pullback.

Trend Direction

Weekly Level: Downward, theoretically around 49000 is close to the end, but further observation is needed to confirm. The probability of starting a weekly rebound is increasing.

Daily Level: Upward, in the short term, the range of 67000 to 70000 should be considered.

4-hour Level: Upward, if it maintains above 64800, a 4-hour level rebound is likely. Falling below this level increases the probability of a 4-hour pullback.

1-hour Level: Upward, the 1-hour pullback structure is almost complete. Without extension, there may be another surge.

15-minute Level: Upward, a breakthrough of 66000 indicates a 1-hour level rebound, while failure to do so may lead to a potential extended decline.

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This article is time-sensitive. Please be aware of the risks. The views expressed in this article are personal opinions and are for reference only!

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