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In the recent market, Bitcoin has been continuously climbing, with the structure belonging to an ongoing 1-hour level uptrend, without any 1-hour level pullbacks. From a market perspective, there is no pressure above, and when a pullback occurs will depend on the market's decision.

From a trading perspective, having risen to this level, it is not very safe to go long unless a clear pullback structure emerges. Because while it is rising, one cannot predict when a large bearish candle might appear to shake out positions, so for now, it’s best to wait. As for going short, one can only say that the highs are continuously refreshing, and with the sky being the limit above, it is uncertain how high it will go, making it difficult to enter short positions, at least in terms of setting stop losses.

Bitcoin has currently surged above 82,000. This week should have the opportunity for a pullback, still aligning with yesterday's view: either a sharp drop to complete a flash crash, or a slight pullback, completing the pullback in a sideways oscillation manner. It depends on which trend develops.

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, which should only be taken as a reference.

1H:

At the 1-hour level, the current uptrend is very strong, continuously rising without a pullback. It is currently uncertain whether the 1-hour uptrend here has ended, and it cannot be ruled out that it may continue to refresh the highs. According to the time cycle, it is only Monday, and there is a chance for a 1-hour pullback this week, which could occur at any time, as there have been many internal structures, leading to expectations of divergence. However, in a strong market, if it continues to rise, the technical analysis appears somewhat powerless.

The simple truth is that the current MACD and other indicators are continuously showing bearish divergence, diverging again and again, yet the price does not drop and continues to make new highs. The TD indicator is constantly showing 9 and 13, but has the price turned? Not yet. Whether it’s the theory of waves or the theory of cycles, it is expected that there should be a pullback structure in between, but has that structure emerged? Still not. Therefore, when a one-sided trend appears, technical analysis may experience temporary failure. However, the pullback can only be postponed indefinitely; it will not be absent.

In this situation, either hold onto low-position long positions with confidence. If you have no positions left, you can only patiently wait for a pullback to enter, even if the pullback occurs in a sideways manner, a structure still needs to emerge. Otherwise, going long can only be a quick in-and-out, very short-term.

Returning to the market, if a 1-hour pullback emerges, it should at least retrace to around 78,000 to 79,000, and whether it will dip deeper is currently uncertain. Once the pullback is complete, there will be another 1-hour uptrend to continue making new highs.

15M:

At the 15-minute level, a 15-minute pullback should occur at least in the short term, with attention on 80,000. If it breaks below, a 1-hour pullback should emerge, as indicated by the yellow arrow in the above image. If it does not break below 80,000, it cannot be ruled out that it will continue to refresh a high.

ETH

Ethereum has already consolidated a 15-minute central area here, and in the short term, it should need to retrace to around 3,050. As for whether the 1-hour pullback will dip deeper to 2,900, it still needs to be observed based on the strength of the pullback.

Trend Direction

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

Daily Level: Direction is upward, the daily uptrend has reached 80,000, with the target above focusing on around 90,000.

4-Hour Level: Direction is upward, with attention on 82,000 to 85,000 above.

1-Hour Level: Direction is upward; if it falls below 80,000 again, then look for a 1-hour pullback.

15-Minute Level: Direction is downward, with a short-term 15-minute downtrend, focusing on the strength of the decline.

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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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