Market analysis on November 13th, waiting for a 1-hour level pullback in Bitcoin before re-entering.

CN
6 days ago

Daily Share

As expected in yesterday's article, Bitcoin retraced to around 85000 last night and then made a 15-minute level rebound towards 90000, but did not break through. Today, it has made a 15-minute level pullback, with a low retracement to around 86127. This has formed a consolidation at the 15-minute level. Currently, we can observe the strength of the 15-minute level rebound, which could push up towards 90000 again before starting a 1-hour level pullback. Alternatively, it could have a slight rebound here before continuing to decline, forming a 1-hour level downward structure.

In the short term, regardless of the direction, we still wait for the 1-hour level pullback structure to form before participating in long positions. Unlike Bitcoin, Ethereum has already formed a 1-hour level downward structure, and we expect it to consolidate at a 15-minute level before making another downward pullback.

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 used as a reference.

1H:

At the 1-hour level, today we focus on whether the 1-hour MACD crosses above the zero axis. If it does, Bitcoin should make another push towards 90000, completing a 1-hour level rise before starting a 1-hour level pullback and another 1-hour level rise, as indicated by the yellow arrow in the image above. If a golden cross does not form and it falls below 86000 again, then it will directly enter a 1-hour pullback.

Overall, the next 1-hour level pullback is expected to retrace to around 82000 or 80000. If it goes smoothly, it will be a good entry opportunity.

15M:

At the 15-minute level, a 15-minute level rebound is currently in progress, and we should observe the strength of this rebound. Normally, if the 1-hour MACD crosses again, it should push towards 90000 once more before starting the 1-hour level pullback.

If the 15-minute level rebound fails to break through 88600, then it is likely that this is already part of the 1-hour pullback, as indicated by the blue arrow in the image above. We will observe the strength of the rebound tonight.

ETH

For Ethereum at the 15-minute level, it has already formed a downward, upward, and downward sequence, indicating that Ethereum is currently undergoing a 1-hour level pullback. This 1-hour pullback is expected to not be over yet, and the third 15-minute downward move does not show divergence, so in the short term, we expect a 15-minute level rebound. As long as it does not break through 3320, there should still be a fifth 15-minute level downward move. For the fifth move, we will observe whether the support at 3000 is broken. Normally, if Bitcoin's 1-hour pullback goes to 82000, Ethereum should drop to around 2900-2950. We will see how it goes.

Trend Direction

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

Daily Level: Direction is upward, with the daily level rise, we first look at whether it will break through 100,000.

4-Hour Level: Direction is upward, with attention on 95000 above.

1-Hour Level: Direction is downward, expected to push up again before making a 1-hour level pullback.

15-Minute Level: Direction is upward, after the short-term 15-minute level rise, it will come down again.

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!

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