Daily Share

In yesterday's article, we mentioned that Bitcoin is likely to move downwards again in the short term, checking if it will retest 67500 or 67200. Last night, it successfully retested 67500 and then started a rebound. Currently, this rebound is a 1-hour level rebound.

From a technical perspective, this rebound is unlikely to surpass 73620, thus forming a 4-hour level correction. Of course, on the 6th Beijing time, the results of the U.S. election will be announced. If Trump ultimately wins, it is uncertain whether Bitcoin will surge to 74000 again; technically, the probability is low, but there is still a certain chance. Therefore, it is best to wait for the election results to observe the specific ending of this 1-hour rebound.

Yesterday, an internal group made a long position near 67500, and we will see how much profit can be made.

BTC

Due to the rapid changes in the market, the 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, from a technical perspective, it should currently be the second 1-hour level rebound in a 4-hour level downtrend. This rebound is expected not to break through 73620, with the first target being the 70000~71000 range and the second target around 72000. After this, a third 1-hour level decline is expected to break below 67000, with support to watch at 65000, as indicated by the white arrow in the image.

There is a small probability of another surge to around 74000, followed by a correction, as indicated by the yellow arrow in the image. This scenario is primarily influenced by market sentiment and is not within the technical scope, but I wanted to mention it.

15M:

The current 1-hour level rebound is not expected to end quickly, especially with major news approaching. The main players will likely act around the news rather than directly dropping below 67500 before the news is released. Therefore, at the 15-minute level, it is very likely to consolidate for about a day, forming a 15-minute level central area, and then surge towards 71000 or 72000.

If you are bearish, it is safer to wait for the news to land and see the situation.

ETH

Ethereum's current 1-hour level rebound should at least reach around 2540, and if lucky, it may even surge to 2600. It is advisable to observe closely, with expectations of a gradual upward oscillation until the 6th or later in the evening.

Trend Direction

Weekly Level: Direction is upward, currently in a new weekly level uptrend, with an overall target looking at 100,000+.

Daily Level: Direction is upward; if it falls below 65000 again, it may lead to a daily level correction.

4-Hour Level: Direction is downward; a 4-hour level correction is expected unless this 1-hour rebound re-evaluates 73620, which would negate this view.

1-Hour Level: Direction is upward; currently experiencing a 1-hour level rebound, with targets at 71000, 72000, and a maximum view of around 74000.

15-Minute Level: Direction is upward; it is expected that the short-term may consolidate in the 68700~70500 range to form a 15-minute level central area before making another surge.

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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