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Last night, Bitcoin indeed surged again, completing an upward movement from a 15-minute level central range. The highest point reached 93265. From the current structure, it is expected to officially undergo a 1-hour correction, and we need to observe the strength of this correction. If the strength is a bit weaker, it might just be around 83000 or 84000.

Of course, some readers might want to argue, saying that I keep mentioning a 1-hour correction, yet the price keeps rising. It should be clarified that we are speaking from an objective perspective; this correction structure will definitely occur. As for when it will come and how high it will rise before correcting, that is not something we can decide.

However, this does not affect our trading. Just because a 1-hour correction hasn't occurred doesn't mean we can't buy altcoins. We can still make a long position on a 15-minute level rebound. Our thinking shouldn't be too rigid; we shouldn't just wait foolishly for that expected correction, nor should we be overly bearish. This is something we emphasized last week. The absence of trading opportunities on the 1-hour level does not mean there are no opportunities on the 15-minute level. It also doesn't mean we can't buy spot; just look at how well altcoins have been performing these days, with many coins doubling in just a day.

Currently, altcoins have entered a short-term frenzy mode, especially some new coins that have surged significantly. However, it is still not a market where most people are making profits, so it is not yet the true spring for altcoins.

"Sir, so many coins have surged! These days, it's either this coin or that coin that has exploded. Isn't this the real altcoin season?" How should we understand the spring of altcoins?

Currently, while Bitcoin is rising, altcoins are also rising. However, Bitcoin's rise is more solid; once it goes up, it won't drop down easily for a while. The current situation for altcoins is different; they can rise significantly, and the gains are often enormous, with several coins recently experiencing tenfold increases.

However, altcoins currently do not resist declines well and have poor value retention. As long as Bitcoin experiences a significant drop, altcoins will drop even more, and the rebound speed is relatively slow, meaning they will be stuck for a long time. When the true spring for altcoins arrives, they will surge and won't come down easily, or if they drop, they will quickly rebound and reach new highs.

So when will such a market come? It is already brewing, but it still needs some time, expected after Bitcoin breaks 100,000.

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, it is expected that a 1-hour correction will occur. If it can drop below 88000 tonight, it indicates that a 1-hour correction is likely to happen. If it successfully occurs, pay attention to the area around 84000 or 83500. Of course, we also need to guard against the possibility of a deeper drop.

If it doesn't drop below 88000 for a long time, be aware that it might surge again.

15M:

At the 15-minute level, it is expected to see the third downward movement at this level. Let's see how far the third drop can go; if it drops below 88000, it should be considered a 1-hour correction. Before it drops, we need to observe again to see if there will be another rebound.

ETH

Ethereum's movement here is in line with expectations. The current 1-hour correction should not be over yet, and we still need one more 15-minute downward movement. Let's see how far the current 15-minute drop can go; there is some support around 2950~3000. We need to observe further, as the correction can be deep or shallow, and the current level is hard to gauge.

Once this 1-hour correction is completed, the next 1-hour rebound is expected to reach around 3600, so the correction presents a good opportunity; just be patient and wait a bit longer.

Trend Direction

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

Daily Level: Direction is upward, with the daily upward movement first looking to see if it will break 100,000.

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

1-Hour Level: Direction is downward, likely to undergo a 1-hour correction, focusing on the area around 84000 or lower.

15-Minute Level: Direction is downward, paying attention to whether it drops below 88000.

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

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