Daily Share

Last night, Bitcoin made a slight rebound to around 66,000 but failed to continue rising, then fell again in the early morning, consecutively breaking below 64,800 and 64,000, currently reaching a low of around 63,200. In the short term, it seems likely we are seeing a 4-hour level correction here. The current 4-hour structure has not yet completed, and further declines are expected, with an initial target around 61,000.

After this 4-hour correction is completed, the next 4-hour level rebound should have the opportunity to continue rising to test 70,000, or even break through it. Therefore, after the correction, one can look for opportunities to re-enter the market.

October is approaching, and we hope Bitcoin can break through 73,777 in October, but we also need to be prepared for the possibility that the market may not break through and could correct again. Strategies should be adjusted according to the situation at any time.

Lastly, a routine announcement: the trading training course organized by the community will start on October 9. The course mainly explains some situations that everyone encounters in actual trading, such as where the simplest short-term resistance and support levels are, and how to find support and resistance, which many people are not very clear about;

For example, how to determine where you want to go long or short; many people have no idea and just listen to others. If someone says bullish, they immediately go long at the current price without considering whether the current position is suitable for operation; trading lacks logic, and they like to watch this analyst or that analyst. If several analysts are consistently bullish, they follow suit; if several analysts are consistently bearish, they follow that too, leading to confusion;

Additionally, some people react slowly to market trends; even when the market has already turned in the opposite direction, they still insist on being bullish or bearish. Even if they know a reversal is coming, they still struggle to change their operations. And so on.

This training course will focus on exploring and solving these issues, allowing everyone to be more independent subjectively, rather than completely relying on others.

Many of us always think about relying on certain analysts, certain influential figures, or certain big players with large capital to trade, believing they can help us make a profit, wanting to depend on others to achieve financial freedom, wanting to rely on others to accumulate the first pot of gold, or to quickly cover financial debts. All of this is ultimately undesirable; others can only be your enlightening teachers during your trading process, not the ones who will make you rich, including myself, as I cannot make everyone wealthy. At most, with good luck, I might help everyone catch a 5x or 10x coin, or make a few profitable trades. But at the same time, I might also make wrong judgments.

Therefore, trading ultimately relies on oneself. However, learning and summarizing experiences cannot be done solely through personal exploration. I have been in the crypto space for about eight or nine years, encountering many ups and downs, and have slowly summarized some techniques and experiences that a newcomer with only two or three years in the crypto space cannot understand. Therefore, what needs to be learned must be learned from others; otherwise, everyone will pay the same tuition I once paid to the market, rather than overtaking on a curve.

If you want to sign up for the course, please leave a message in the comments.

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, which should only be used as a reference.

1H:

At the 1-hour level, the current daily top pattern has emerged, and the current 1-hour level correction has fallen back to the second 1-hour center of the previous 4-hour rebound, so it is expected that a 4-hour level correction is likely to occur.

Currently, this is the first 1-hour level decline in the 4-hour correction, and this decline may still need a 15-minute level decline, with a target below looking at around 62,700. After that, a second 1-hour level rebound should occur; as long as the second 1-hour level rebound does not break through 65,440, there will be a third 1-hour level decline. Overall, we will see if the 4-hour correction can retrace to around 61,000.

15M:

At the 15-minute level, Bitcoin extended downward yesterday by constructing a 15-minute level center, and today it has made a downward move away from that center. This decline is no longer diverging, so it is expected that a 15-minute level rebound and a 15-minute level decline are still needed.

Currently, a 15-minute level rebound is in progress, focusing on around 64,300. After this, there should still be a 15-minute level decline, checking if it retraces to around 62,700. It is expected that tomorrow there may be a 1-hour level rebound.

ETH

Ethereum's 1-hour level decline has also extended downward by constructing a 15-minute level center. The 1-hour level correction for Ethereum is stronger than expected and has not retraced to the hoped-for 2,550. In the short term, a 15-minute level rebound is expected; if this 15-minute level rebound breaks through 2,672, then Ethereum will look for a 1-hour level rebound, as indicated by the blue arrow.

If Ethereum's 15-minute level rebound does not break through 2,672, then there will be another 15-minute level decline, at which point we will focus on whether it reaches around 2,550 to 2,570.

Trend Direction

Weekly Level: Direction is downward; theoretically, around 49,000 is about right. Whether it has ended still needs observation, but the probability of starting a weekly rebound is increasing.

Daily Level: Direction is upward; in the short term, we should continue to look at the 67,000 to 70,000 range.

4-Hour Level: Direction is downward; in the short term, we are looking at a 4-hour level correction, with an initial target around 61,000.

1-Hour Level: Direction is downward; the current 1-hour level decline should still need one more wave down, and a 1-hour level rebound is expected tomorrow afternoon.

15-Minute Level: Direction is upward; in the short term, we are looking at a 15-minute level rebound, and after the rebound, there should still be a downward move.

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The article is time-sensitive; please pay attention to risks. The views in the article are personal suggestions and for reference only!

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