Daily Share
This morning, Bitcoin has actually completed a 1-hour level pullback, but the extent of the pullback was not as large as expected, only retracing to 95693. It is uncertain whether the 1-hour pullback has ended; it may still make another 1-hour rebound to the 98500~99000 range, so we will observe further. My personal understanding of the current market is that it is still within the scope of a 4-hour level pullback, just a 4-hour pullback, mainly a consolidation-type pullback, rather than the continuous decline that many people perceive.
Having a pullback is better than not having one. For us, if there is no pullback and prices keep hitting new highs, those without positions will be repeatedly worried, as entering midway involves significant uncertainty. If a pullback occurs, we can participate again with more confidence in holding our positions.
Let’s be patient and wait until the pullback structure is established before planning the next wave of upward movement. Due to the chaotic structure in the short term, it is better to remain on the sidelines for now.
BTC
In the short term, due to rapid market changes, 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, it is uncertain whether the third 1-hour level decline has ended. If the 1-hour decline has ended, then we should see a 1-hour level rebound before going above 88000, followed by another 2 days of consolidation, after which a pullback to around 91000 or lower may occur, as indicated by the yellow arrow in the image.
If it fails to rise above 97300 tonight and continues to decline below 95693, it would indicate that the third 1-hour level decline has extended, and the overall movement will consist of 5 waves before providing an opportunity to pull back to around 91000, as shown by the blue arrow in the image.
Regardless of whether the subsequent structure is blue or yellow, after this pullback, it will continue to push for new highs above 110000.
Therefore, there is no need to get too caught up in the different adjustment methods in the short term; just consider positioning for the next wave of upward movement at more suitable levels.
15M:
The current 15-minute level structure suggests a potential upward push, as indicated by the red arrow, completing a 1-hour level rebound, or it may decline again to test the morning low of 95693, completing the extension of the 1-hour level decline. If it breaks down, pay attention to the 94500~94000 range below.
ETH
The structure of Ethereum here suggests that it may undergo a 1-hour level pullback. Whether it is a 4-hour level pullback depends on whether it breaks below 3540. If it does not break below, it is considered merely a 1-hour pullback; if it breaks, then it is regarded as a 4-hour level pullback. Currently, it is recommended to wait until tomorrow to observe the market conditions.
Trend Direction
Weekly Level: The direction is upward, currently in a new weekly level upward movement, with an overall target above 150000.
Daily Level: The direction is upward, with the daily level expected to reach around 120000.
4-Hour Level: The direction is downward; it should still be a 4-hour level pullback if it does not break above 99200.
1-Hour Level: Consolidation; at the 1-hour level, it tends to consolidate into a 1-hour level center before pulling back to around 91000.
15-Minute Level: The direction is downward; it is uncertain whether it will break below 95693 again tonight. If it does not break, then a 1-hour level rebound should occur, reaching into tomorrow afternoon.
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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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