Daily Share
In just a week, Bitcoin has quietly risen by $10,000, moving from around $90,000 to near $100,000. The 4-hour level uptrend that started from around $65,500 is still extending. Here, the expectation for the 4-hour level uptrend is that after a 1-hour level pullback and another 1-hour level rise, it should be about done. However, it will still take some time to complete the 4-hour level, and we expect it to take a few more days.
With Bitcoin's continuous rise, I completely understand the feelings of those who do not have low-position long positions or have not bought much spot. Everyone hopes for a sharp drop in Bitcoin. However, the opportunity for a significant pullback has not yet arrived, so we must be patient. It might be a good idea to continue looking for coins that are lagging behind to participate.
The rebound of Ethereum and Ethereum-related assets has already begun. Currently, there is still a 10% space to the expected $3,700, so continue to pay attention to whether the expected target can be reached in the next few days.
BTC Mid to Long Term
Weekly:
At the weekly level, this is the third wave of the weekly uptrend starting from $15,476. The first wave of the weekly uptrend was from $15,476 to $73,777, and the second wave of the weekly pullback was from $73,777 to $49,000. Currently, we are in the third wave of the weekly uptrend from $49,000 to over $100,000.
Based on the current speed of the rise and the progress of the weekly ascent, $120,000 should be easily surpassed. Therefore, the overall target for the weekly uptrend is likely to reach around $150,000 to $200,000, or even higher. Of course, how much higher it can go is unknown. The sky is high, and birds can fly; ultimately, we will see where the market goes.
We will never know where the peak of a bull market is; we can only watch as we go.
Daily:
At the daily level, it appears that the current uptrend starting from $49,000 has not yet ended. This daily uptrend is expected to reach around $120,000, after which there should be a daily pullback. The next daily pullback will belong to the third buy of the daily center, followed by a third wave of daily uptrend that needs to run. Therefore, the overall end cycle of the bull market is still early. We are still in the second half of the bull market.
In the first half of the bull market, we did not see the altcoin season, and those holding altcoins have suffered greatly. I believe the second half of the bull market will not disappoint everyone. Because that is a time when even fools can easily make money.
So in the next six months, I hope everyone can be a bit bolder in their bullish outlook, a little more, and not panic at the slightest pullback. Making money requires courage and the ability to calmly accept temporary losses. From my years of experience in bull and bear markets, the older investors find it harder to make money in a bull market because they are too cautious and meticulous, which can easily lead to missing out on coins that could make them rich.
In contrast, new investors often find it easier to make money in a bull market. The inexperienced are not afraid of tigers; they often take risks and can achieve astonishing profits.
Of course, while new investors can easily make money in a bull market, they rarely manage to carry their profits into the next cycle because the money that actually ends up in their pockets is the real money. The unrealized profits on the books are not the final profits. So my advice to everyone is that in the coming period, older investors should be a bit bolder, not just focusing on the coins they are watching, but also looking for new opportunities. New investors should pay attention to the preservation of wealth at the end of the bull market.
4H:
At the 4-hour level, the current structure is clear, and I believe there are no overly ambiguous trends. The current 4-hour uptrend, which started from around $65,550, has reached near $100,000, but it is still not over. In the short term, it may need to undergo a 1-hour pullback before continuing with another 1-hour uptrend. The upper range to watch is between $100,000 and $120,000. There should still be at least one 4-hour pullback and one 4-hour uptrend before this daily uptrend can conclude.
Based on the current height, the next 4-hour pullback may be around $89,000, or in the $85,000 to $89,000 range. Many people expect $80,000 and below, but it seems unlikely to happen anytime soon. The $80,000 to $78,000 range has a CME gap, but it is expected to wait for the next daily pullback to be filled.
The current 4-hour uptrend should still have room to rise, and the structure shows there are still opportunities for extension.
BTC Short Term
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 is merely for reference.
1H:
At the 1-hour level, the current structure is also quite clear. Bitcoin has been consolidating in the $88,700 to $92,000 range for the past week, forming a 1-hour center, and is currently in the uptrend phase of leaving the center. This 1-hour uptrend is expected to require one more 15-minute uptrend, which should give a 1-hour MACD top divergence. It is expected that a 1-hour pullback may occur in the next day or two, with the pullback focusing on around $94,000. As long as it does not fall below $91,800, there will still be a 1-hour uptrend to continue refreshing the highs.
15M:
At the 15-minute level, there may be a consolidation of the second 15-minute center here, followed by further upward extension. As long as it does not fall below $96,000, it should continue to rise in a 15-minute uptrend. There is a chance to break through the $100,000 mark.
ETH
Ethereum is still in the uptrend phase of leaving a 1-hour center, and normally this should not be finished yet. The focus should continue to be on the $3,500 to $3,600 range above. After that, there should be a 1-hour pullback, giving a third buy of the center, followed by another 1-hour uptrend to push towards $3,700 or higher, as indicated by the white arrow in the image. The stop point is set around $3,220; as long as this position is not broken, the overall 4-hour uptrend should still be a healthy trend.
At the 15-minute level, as long as it does not fall below $3,250 again, it should be consolidating a 15-minute center, then continue to extend upward. The next 15-minute rebound will focus on whether it can break through $3,500. If it falls below $3,250 again, be cautious as it may lead to a 1-hour pullback.
Trend Direction
Weekly Level: Direction is upward, currently in a new wave of weekly uptrend, overall target looks above $150,000.
Daily Level: Direction is upward, looking to see if it can break through $100,000.
4-Hour Level: Direction is upward, focusing on the $100,000 to $110,000 range above.
1-Hour Level: Direction is upward, the 1-hour uptrend may not be over yet, and it should continue to test $100,000.
15-Minute Level: Direction is upward, as long as it stays above $96,000, it should be able to push for another wave.
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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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