Daily Share

Currently, Bitcoin has completed a 1-hour level correction, which may not be over yet and is likely to take some more time. After this correction is finished, it is expected that there will be another 1-hour level rebound to the 93000~95000 range, after which a 4-hour level correction will begin.

The overall market is still in a bull market, but that does not mean we should rush in at relatively high positions, especially with contracts. If the entry point for going long is not good, you may either not be able to hold on or frequently incur losses. The same goes for spot trading; for the same cryptocurrency, if others have a cost of 0.3 and you have a cost of 0.7, can you outperform them? When Bitcoin experiences a correction, although others' holdings may also decline, they are still in profit due to their lower cost, while you are at a floating loss because of your high entry point.

Therefore, how to enter at the right position is crucial. We still need to consider buying during a certain correction, so watching for corrections and declines does not necessarily mean we are bearish on the market, but rather to find the next ideal buying opportunity.

BTC Mid to Long Term

Weekly:

Currently, we are in a weekly level uptrend, and our target for this uptrend has always been 100,000+. However, the speed of Bitcoin's rise has been much faster than expected, and before we knew it, it reached 93,000, which is less than 8% away from the 100,000 mark. It is impossible to predict where this weekly level uptrend will ultimately go; we can only observe the situation after breaking through 120,000~130,000. It is expected that there will be at least another half a year of oscillating upward. Everyone must seize the opportunity in the second half of the bull market. If in the first half, people were hesitant and unsure if there would be a major crash, lacking confidence in Bitcoin reaching 100,000, then by the end of the year, confidence should rise. We must firmly believe that Bitcoin will exceed 100,000 and that the altcoin spring will definitely come; this is the mindset that will allow us to seize the last opportunities.

Daily:

On the daily level, the key to judging whether the weekly uptrend starting from 49,000 is strong or not is to see if the next daily level decline breaks into the central area.

As shown in the figure above, Bitcoin has been oscillating and consolidating in the 56,800~72,000 range, forming a daily level central area. At the same time, this central area is also a weekly level correction. We are currently in the departure phase of this daily central area. If this daily uptrend starting from 49,000 can break through 100,000, then the next daily level correction is unlikely to drop below 72,000. If it does not break through 100,000, the next daily correction is temporarily uncertain.

From the perspective of the lower central area, as long as the next daily correction does not drop below 72,000, the overall weekly uptrend will be a very strong upward trend, and the target above will keep getting higher. If the next daily correction drops below 72,000, it indicates that the subsequent upward space will be greatly compressed.

Of course, it is still early to say that the daily level uptrend has ended; at least Bitcoin needs to go through a 4-hour level correction and a 4-hour level upward movement to conclude, so the probability of this daily uptrend breaking through 100,000 is relatively high.

4H:

At the 4-hour level, the current 4-hour uptrend is very strong, and it is expected that it is still not over. After a short-term correction, it should continue to push upward. The target for this 4-hour uptrend is to focus on the area around 95,000, and whether it can directly break through 100,000 will need to be observed.

BTC Short Term

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 use this information as a reference.

1H:

At the 1-hour level, since the third 1-hour uptrend was very strong, rising directly from 66,835 to 93,265, an increase of over 39%, the current upward trend is not diverging. Therefore, there will still be a fourth 1-hour decline and a fifth 1-hour upward movement.

Currently, the fourth 1-hour decline has dropped from 93,265 to 86,668. It is temporarily uncertain whether this decline has ended. If it breaks through 90,800 tonight, it will indicate that this 1-hour decline has ended, leading to a 1-hour rebound with a target of around 94,000~95,000.

If it does not break through 90,800, there is still a possibility of a retest around 85,000.

15M:

At the 15-minute level, we should observe here. If it effectively breaks through 90,800, it is inclined to move towards a 1-hour upward trend, targeting above 94,000. If it does not break through, there may still be a 1-hour level correction. It is currently unclear which direction the market will take, so we need to observe further.

ETH

For Ethereum, the 1-hour level correction should normally not be over yet, as the departure phase of the 15-minute central area is not diverging. Therefore, if it cannot pull back to 3,200, there will still be a 15-minute level decline retesting around 2,950. If it breaks through, the short-term should lead to a new 1-hour upward movement towards around 3,500.

Trend Direction

Weekly Level: Direction is upward, currently in a new weekly level uptrend, overall target is 100,000+

Daily Level: Direction is upward, observing whether it will break through 100,000

4-Hour Level: Direction is upward, focusing on 95,000 above

1-Hour Level: Direction is downward, the 1-hour level correction is uncertain whether it has ended; observe if 90,800 is broken. If broken, it may lead to a 1-hour rebound.

15-Minute Level: Direction is downward, observing the strength of the 15-minute level correction tonight.

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The content is time-sensitive; please be aware of the risks. The views expressed are personal suggestions and for reference only!

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