Daily Share

The market trend is quite amazing. After a small rebound yesterday, it hit a new low again, resulting in the failure of the 1h level rebound we expected. Although it continues to go down, the necessary structure will definitely be there, so we still hope that it will go smoothly tomorrow.

Last night's decline basically reached the second entry point expected by the internal group. If 67,000 can be maintained tonight or in the early morning, there is still a chance to rush to the 70,000-71,000 range during the day tomorrow. I think it is worth observing. It is not recommended to chase long at present, and the recent long position is indeed not stable.
 

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 current expectation remains unchanged. After the first short-term 1h-level decline ends, there will definitely be a second 1h-level rebound. This 1h-level rebound did not work out smoothly the day before yesterday and yesterday. We can observe it now. If it succeeds, the target will continue to be in the 70,000-71,000 range. The low probability event is that it will be pulled higher due to the news. After this 1h-level rebound is over, there will be another 1h-level decline.

As far as the trend is concerned, going long in the middle is just a gamble on a rebound, and after the rebound ends, the short-term trend will continue to be bearish.

 

15M：

The 15-minute level is already numb, and the complexity of the structure is beyond expectations. Short-term observation is needed here. If the current 15-minute level can break through 69,500 again, it is believed that the 1h level rebound is likely to come out. Pay attention to the 70,500~71,000 range above, or 72,000 if the strength is stronger.

However, if the 15-minute rebound fails to break through 69,500, we will need to pay attention to whether it can give a second buy or extend downward again.

 

ETH

The trend of Ethereum yesterday was also weak, which was a bit speechless. It fell again to 2357 last night. I haven't traded Ethereum recently, mainly because the Ethereum exchange rate is still falling. Normally, there should be a 1h level rebound. If the short-term 15-minute level rebound can reach 2500, then the 1h level rebound can be confirmed. The upper target can focus on the 2550~2600 range.

 

Trend Direction

Weekly level: The direction is upward, and a new weekly level rise is currently underway, with the overall target of 100,000+

Daily level: The direction is upward. If it falls below 65,000 again, there may be a daily level correction.

4-hour level: The direction is downward, and it is expected to be a 4-hour level correction, unless this 1-hour rebound re-predicts 73620, which negates this view.

1-hour level: The direction is upward. The normal 1h-level rebound is about to come out. If it goes out smoothly, we can look at around 71,000 above.

15-minute level: The direction is upward. If it breaks through 69,500, it is considered that the 1h level rebound has come out. Before the breakthrough, you still need to be careful whether the price will pull back again.