Daily Share
Today's article update will be a bit earlier because I have to go out in the afternoon, and I'm worried I won't have time to update in the evening.
In yesterday's article, we mentioned that if Bitcoin broke through 97300 last night, it should have a 1-hour level rebound and then go back to the 98000~99000 range. It has already moved out, reaching a high of 98130 in the morning, but the 1-hour level rebound structure here is not yet complete, and the earliest expectation is that we will have to wait until after 10 PM tonight.
This morning, mainstream coins surged again, accelerating their rise. For example, Ripple reached a new high, getting close to its historical peak, and Litecoin broke through 120. Additionally, Bitcoin is facing another drop near 90000, so from midnight to tomorrow, if Bitcoin does not rise above 99250, we need to be cautious of risks, as there is a risk of a downward spike.
However, the overall rise will not stop here. If a drop occurs, it is likely to quickly rebound again, mainly to clean up leverage.
BTC
Due to the rapid changes in the market, the article can only make predictions based on the market changes at the time of publication. Short-term players should pay attention to the latest market changes, and this should only serve as a reference.
1H:
At the 1-hour level, Bitcoin is currently running the fourth leg of the 1-hour level rebound indicated by the yellow arrow in the above image. This rebound mainly depends on whether it can break through 99250. If it breaks through, it indicates that the 4-hour correction has not started, and in the short term, it will continue to push up to around 105000 before starting the 4-hour level correction. However, the probability of this is currently low.
The more likely scenario is that it temporarily cannot break through 99250 and then retests around 90000, completing a 4-hour level correction. This probability is somewhat higher. Patience is needed to observe the short-term market changes. If a correction can be smoothly provided, it should be a layout opportunity before the next wave of rise.
15M:
At the 15-minute level, it is currently running the second leg of the 15-minute level correction. This correction should first focus on around 96000. As long as it does not fall below 95700, there should still be a third leg of the 15-minute level rebound, focusing on around 98500. If it falls below 95700, we should look further down.
ETH
At the 15-minute level, Ethereum is experiencing continuous fluctuations, but it is expected that this fluctuation will not last too long, as it faces a 1-hour or 4-hour level correction in the short term. Currently, the key focus is on around 3650. If it falls below this position again, it is considered that Ethereum will undergo a 1-hour level correction. If it does not fall below 3650, it can still make a 15-minute level rebound to above 3700.
If the 1-hour correction occurs, focus on around 3550. Only if it falls below 3530 will it be considered that Ethereum is undergoing a 4-hour correction.
Trend Direction
Weekly Level: The direction is upward, currently undergoing a new weekly level rise, with an overall target above 150000.
Daily Level: The direction is upward, with the daily level rise expected to reach around 120000.
4-Hour Level: The direction is downward; if it does not break through 99250, it should still be a 4-hour level correction.
1-Hour Level: The direction is downward; here it still leans towards a 1-hour correction to 91000 without breaking through 99250.
15-Minute Level: The direction is upward; if it stays above 96000 in the short term, it should still be able to go to around 98500.
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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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