Daily Share
I haven't paid attention these days, and the pictures in the article disappeared inexplicably.
In the early morning of this morning, the lowest price of Bitcoin fell back to 25333, which is in line with the 25000~25500 range mentioned in our article yesterday. After a small rebound in the morning, it fluctuated sideways during the day. At present, it should be a weak rebound at the 1h level. The volatility is low on the weekend, and there is no opportunity for operation, so it is mainly for rest.
Next week we can wait for the price to break below 25,000, and then we can pay attention to the strength of the decline after the break. If the overall strength is not strong, then the main tone for the next month or so will be the 25,000-28,500 range of fluctuations. If you repeatedly draw a V-shaped reversal in this range and step on the right time, there will be good opportunities for swing trading.
Of course, if 24,000 cannot be maintained next week, the fluctuation range in the next 1 to 2 months will increase, and we may at least see fluctuations between 22,000 and 27,500.
If a summary is needed, I can say that the current first daily level decline structure has entered the deep water zone. The subsequent situation will be more complicated, and it is not a simple bullish or bearish view that can guide your trading.
BTC
Due to the rapid changes in the short-term market, the article can only predict the market changes at the moment of publication. Short-term players should pay attention to the latest changes in the market and use it as a reference only.
1H：
At the 1h level, the fourth 1h level rebound is currently underway. The expected rebound strength is effective, probably around 26100~26200, and then there will be a fifth 1h level decline. After the 1h rebound is over, there are two subsequent situations
The first:
After the fourth 1h-level decline, the fifth 1h-level decline in the 24800~24300 range may end the current 4h-level decline. Then there will be either a 4h-level rebound or a daily-level rebound.
Second type:
After the fourth 1h-level rebound, the fifth 1h-level decline will occur, but the decline is not deep. The overall price will remain above 25,000 for 3 to 4 days, and after building a 1h-level center, it will continue to decline. At that time, we need to continue to observe whether it will fall below 24,000.
In fact, it is still impossible to determine what kind of structure it is for the time being, so we can observe more in the short term.
15M：
At the 15-minute level, the current sideways fluctuation is likely to build a 15-minute level center in the range of 25650-26000, and then rush up to around 26200 to end the 1h level rebound. Focus on the 1h structure next week and the downward force for further analysis.
ETH
Ethereum is currently running its fourth 1h level rebound, and the rebound pressure is around 1650~1660. It should not go too high for the time being. Next week, we will observe whether it will continue to extend the 1h center or end the fifth 1h level decline. The overall daily decline must at least break below 1550.
Trend Direction
Weekly level: Downward direction, weekly level is in the process of oscillating decline
Daily level: The direction is downward. Currently, there is a downward movement at the daily level. Pay attention to the support near 24000
4-hour level: The direction is downward, and the fifth 4-hour level decline is in progress. The target is to focus on the 24200~24800 range.
1-hour level: The direction is upward, and the short-term trend is a weak rebound at the 1h level.
15-minute level: Consolidation, oscillation around the 25650~26000 range, and may rise to 26200 tomorrow