Daily Share

Currently, Bitcoin has fallen below 68,500 and couldn't hold on for another surge. The damn altcoins and mainstream currencies have once again experienced a rollercoaster drop, and the overall market is still quite difficult, especially since we were so close to breaking the historical high. It is highly likely that we are going to see a 4-hour level correction here. If it continues to drop and breaks below 65,000, it will evolve into a daily level correction. So everyone should be prepared for expectations; if there is a short-term rebound, it is advisable to exit first to avoid risks.

In the next few days, there will still be some fluctuations. One reason is that the results of the election on the 5th may cause some volatility, and another is the interest rate meeting on the 8th. Therefore, although there is a continuous decline in the short term, a decent rebound will still occur, but the probability of the subsequent rebound surpassing the previous high point for a second sell-off will be greater.

BTC

Due to the rapid changes in the market, this 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 use this information as a reference.

1H:

Bitcoin is likely to undergo a 4-hour correction here. In the previous article on the 1st, it was mentioned that if it falls below 68,500, then regardless of whether the news is favorable, the probability of breaking 73,620 again is very low.

Currently, the expectation is that this is the first 1-hour correction within the 4-hour level correction, which has been ongoing for more than 4 days and may not be finished yet. If it dips again near 67,000, it might come to an end. The expectation is that there should be a 1-hour level rebound on Monday or Tuesday, depending on the strength of the rebound, normally seeing a range of 70,000 to 71,000. If there is news stimulation, it may pull back to around 72,000 again. After that, there will be a third 1-hour level drop, and we will need to see if it breaks below 65,000. If it breaks below 65,000, it is highly likely to undergo a daily level correction.

15M:

Currently, this 1-hour level drop has a complex internal structure at the 15-minute level, having formed a double central structure drop. The expectation is that it can still go down a bit more, checking if it can retest around 67,500 or 67,200. It is expected that this 1-hour level drop is about to officially end, followed by a 1-hour level rebound next week, as indicated by the green arrow in the image above.

ETH

Ethereum is showing a weaker trend at the 1-hour level, currently dropping directly to around 2,421. In the short term, we will see if it can retest below 2,400. Then, in the next couple of days, a 1-hour level rebound is also expected, continuing to look at the range of 2,550 to 2,600. After that, there will be another 1-hour level drop to watch for 2,340.

Trend Direction

Weekly Level: Direction is upward, currently undergoing a new weekly level rise, with an overall target looking at over 100,000.

Daily Level: Direction is upward; if it falls below 65,000 again, it may undergo a daily level correction.

4-Hour Level: Direction is downward; a 4-hour level correction is expected.

1-Hour Level: Direction is upward; the short-term 1-hour level drop is about to end, looking for a 1-hour level rebound early next week.

15-Minute Level: Direction is downward; it may still retest around 67,500 in the short term.

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

The article is time-sensitive; please pay attention to risks. The views in the article are personal suggestions and for reference only!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。