Market analysis on October 28th, Bitcoin may have already started a 4-hour level rebound, waiting for a pullback to go long.

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5 hours ago

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In recent days, predicting market trends has been quite challenging. One reason is that the short-term rebound starting from 65596 has actually unfolded in a small-to-large manner, making it difficult to directly predict that it is a 1-hour level rebound up to 68000. Additionally, due to the imperfect overall 4-hour level pullback structure, we will continue to be entangled between extending downward and having already ended at the 4-hour level.

Now that the short-term has already risen above 68800, it should have started a 4-hour level rebound. However, there will still be pullbacks in the short term, and one can wait for a 15-minute level pullback or a 1-hour level pullback, which can be observed further.

BTC

Due to the rapid changes in the market, this article can only make predictions based on the market changes at the moment 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, it has continued to surge and has broken through 69000, indicating that the 4-hour level pullback should have ended early. The short-term is the first 1-hour level rebound in the new 4-hour level rebound, and this rebound has not ended; it should continue to push towards 70000. There will also be a second 1-hour level pullback and a third 1-hour level rebound afterward.

15M:

At the 15-minute level, the white arrows on the left of the image indicate three movements up and down, forming the third 1-hour level decline in the 4-hour level pullback. It can be clearly seen that the decline indicated by the white arrows does not diverge, and the yellow arrow in the middle clearly represents a small-to-large 1-hour level rebound. This 1-hour level rebound structure is relatively complex, having formed an aAbcd structure. Given the complexity of this structure combined with the small-to-large rebound, it is difficult to accurately predict the strength of the rebound in advance, so the 1-hour rebound here exceeded personal expectations.

Since the current 1-hour level rebound is strong, it should have ended the 4-hour level pullback early and is directly moving into a new 4-hour level rebound. The short-term expectation is that there will be a 15-minute level pullback in the evening and early morning. As long as the pullback does not fall below 67600, it will continue to rise towards 70000, as indicated by the green arrow in the image.

If the 15-minute level pullback breaks down below 67600, we need to pay attention, as there is a high probability that a 1-hour level decline will occur, possibly retracing to around 66500~67000.

ETH

The point of contention in Ethereum's movement mainly lies in the drop from 2566 to 2382, which is the decline indicated by the white arrow in the middle of the image. This is not an effective 1-hour level decline but rather a 15-minute level decline. Theoretically, there should still be a 1-hour level decline retracing to around 2380 afterward. However, the rebound strength in the past two days has been significant, and it has not materialized.

If the pullback in the evening falls below 2480 again, it means that there is a high probability of a short-term 1-hour level pullback, and we can continue to look towards around 2400. If the 15-minute level pullback does not break below 2480, it will continue to rise, focusing on the range of 2560~2600 above.

Trend Direction

Weekly Level: The direction is upward, and the probability of a new weekly rebound is gradually increasing. 70000 remains a key observation point.

Daily Level: The direction is upward, maintaining above 65000. The daily rebound has not ended, and it is expected to possibly reach around 75000.

4-Hour Level: The direction is upward, and it should directly move into a 4-hour level rebound. If it breaks through 70000, then focus on 74000.

1-Hour Level: The direction is upward, marking the first 1-hour level rebound, with attention on the 70000 mark above.

15-Minute Level: The direction is downward, with an expectation of a 15-minute level pullback in the early morning, focusing on the support at 67600 below.

Feel free to follow my public account for discussion and exchange:

The article is time-sensitive; please be aware of the risks. The views expressed are personal suggestions and for reference only!

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