Daily Share

Bitcoin surged to 64478 again last night, but did not break through 64500, so it should still be in the process of a 4h level correction. Currently, it is still inclined to fall back to around 60000 or even lower.

 

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, it failed to break through 64,500 yesterday, so it is inclined to fall again at the 1h level to around 60,000 or 59,000. If it is more complicated, it can also build a center and then go down.

Some people are worried that the market will rise again and directly rise, causing the correction to end early. Here we can choose 63500 as an observation point. If it breaks through 63500 again, then the big cake may continue to rise. Before it breaks through, it may continue to pull back to around 60,000.
 

15M：

At the 15-minute level, it currently looks like it is consolidating a 15-minute level center. If it does not break through 63,500 in the short term, there will be another 15-minute level decline. We will observe whether it can reach around 60,600.
 

ETH

From the structure of Ethereum, the previous drop from 2728 to 2310 was just a 1h level drop, and there was no second 1h level rebound in the middle. Therefore, I think it is very likely that the 4h level drop of Ethereum has not ended because the structure is incomplete. If you insist on treating this 1h level drop (2728~2310) as a complete 4h level drop, I think it is too far-fetched. Therefore, there is a high probability that there will be another 1h level drop to 2300 or 2250.

If the short-term rebound does not break through 2465, it is believed that the 1h correction has not ended and can go down further.

 

Trend Direction

Weekly level: The direction is downward. Theoretically, it is almost around 49,000. Whether it is over or not still needs to be observed, but the probability of a weekly rebound is increasing.

Daily level: The direction is upward, and the range of 67000~70000 should be continued in the short term

4-hour level: The direction is downward. Under normal circumstances, the 4h callback has not ended.

1-hour level: The direction is downward. If it breaks through 63500 again, it is necessary to consider the possibility of the 1h callback ending.

15-minute level: Direction downward, see if the next 15-minute level callback reaches around 60,600​​​