Market analysis on October 13th: Bitcoin is oscillating within a short-term range, waiting for another upward surge.

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1 day ago

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Bitcoin surged to 63500 last night but couldn't break through, then retraced while maintaining a small-scale oscillation rhythm. After consolidating here, it is expected to continue pushing upwards, so the bullish trend remains. It is not recommended to short here, as the 4-hour level rebound is not likely to end quickly.

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 this should only be used as a reference.

1H:

Currently, it seems that the first 1-hour level rebound here has not ended. We continue to watch if the 1-hour rebound can reach around 64500 or higher, followed by a 1-hour level pullback and a third 1-hour level rebound. In the short term, going long is relatively safe. Even if there is a direct 1-hour level pullback here, it is estimated that it will be difficult to drop too much; the current trend is still relatively strong.

15M:

At the 15-minute level, it is inclined to consolidate a central zone here and then continue to push upwards. If this happens, pay attention to the area around 64500 in the short term. Of course, a direct 1-hour level pullback is not ruled out, but the downside space is limited, so still focus on around 62000. Therefore, it is not recommended to go long here; at least wait until the 4-hour level rebound reaches its end before considering it.

ETH

For Ethereum, we need to observe whether it consolidates a 15-minute level central zone to continue pushing upwards or follows the 1-hour level pullback as shown in the image before continuing to rise. The difference between the two scenarios is the intensity of the short-term pullback. If it consolidates at the 15-minute level, it will be around 2450 at most. If it undergoes a 1-hour pullback, it may drop to around 2420. However, since the downside space is currently limited, there is no need to overly differentiate the structure; just accumulate longs in batches during the pullback. The key point is that the target for the 4-hour level rebound is around 2830, with more upside potential than the short-term downside.

Trend Direction

Weekly Level: The direction is downwards; theoretically, around 49000 is about right. Whether it has ended still needs observation, but the probability of starting a weekly rebound is increasing.

Daily Level: The direction is upwards; in the short term, we should continue to look at the range of 67000~70000.

4-Hour Level: The direction is upwards; it is expected to start a 4-hour level rebound, targeting the range of 66500~70000.

1-Hour Level: The direction is upwards; the priority is to see if a central zone is constructed to extend the 1-hour rebound. If it undergoes a 1-hour pullback, a slow-paced pullback is expected to last until tomorrow.

15-Minute Level: Mainly consolidating.

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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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