Daily Share
The market is quite extreme; after a slight rebound yesterday, it has once again dropped to a new low, which means our expected 1-hour level rebound did not materialize. Although it continues to decline, the necessary structure will still be present, so we hope to see a successful breakout tomorrow.
Last night's drop basically reached the second entry point for adding positions as expected in the internal group. If we can hold above 67000 tonight or in the early morning, then there is still a chance to push towards the 70000~71000 range during the day tomorrow. Personally, I think we can observe a bit longer. Currently, I do not recommend chasing long positions, as it has been quite unstable recently.
BTC
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 should only serve as a reference.
1H
At the 1-hour level, the expectation remains unchanged. After the first 1-hour level decline ends, there will definitely be a second 1-hour level rebound. This 1-hour level rebound did not successfully materialize the day before yesterday and yesterday. Currently, we can observe it; if it breaks out successfully, the target continues to look at the 70000~71000 range, with a low probability event being a slight increase due to news impact. After this 1-hour level rebound completes, there will be another 1-hour level decline to follow.
In terms of movement, going long in between is just a bet on a rebound; once the rebound ends, the short-term view remains bearish.
15M:
At the 15-minute level, it has become quite choppy, and the complexity of the structure has exceeded expectations. Short-term observation is needed here; if the current 15-minute level can break through 69500 again, it is believed that the 1-hour level rebound is likely to materialize. The upper focus is on the 70500~71000 range, or if the momentum is stronger, look at 72000.
However, if the 15-minute level rebound does not break through 69500, we need to pay attention to whether it can provide a second buy signal or extend downwards again.
ETH
Ethereum's performance yesterday was also weak, which is somewhat frustrating. Last night it dropped again to 2357. Personally, I haven't been trading Ethereum much lately, mainly because the Ethereum exchange rate continues to decline. Normally, we should see a 1-hour level rebound. If the short-term 15-minute level rebound can reach 2500, then the 1-hour level rebound can be confirmed, with the upper target focusing on the 2550~2600 range.
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, there may be a daily level correction.
4-Hour Level: Direction is downward; the expectation is for a 4-hour level correction, unless this 1-hour rebound re-evaluates to 73620, which would negate this view.
1-Hour Level: Direction is upward; the normal 1-hour level rebound should materialize. If it goes smoothly, we can look around 71000.
15-Minute Level: Direction is upward; if it breaks through 69500, it is believed that the 1-hour level rebound has materialized. Until it breaks through, we need to be cautious about whether the price will correct again.
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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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