Daily Share
As expected in yesterday's article, the price of Bitcoin retreated to 85,000 last night, and then rebounded upwards for 15 minutes to rush to 90,000, but failed to reach it. Today, there was a 15-minute correction, and the lowest price fell back to around 86,127. This is already a 15-minute center. At present, we can observe the strength of the 15-minute rebound. It can rush upwards to 90,000 again and then start a 1h correction. It can also rebound slightly here and then continue to fall, forming a 1h decline structure.
No matter how the short-term trend goes, it is still necessary to wait for the 1h level callback structure to come out before participating in long orders. Unlike Bitcoin, Ethereum has currently formed a 1h level falling structure. It is expected to consolidate a 15-minute level center and then callback downward again.
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, today we will focus on whether the 1-hour MCAD forms a golden cross above the 0 axis. If it does, the price of Bitcoin should make another short-term push to around 90,000, completing the 1h level rise, and then start a 1h level pullback and a 1h level rise, as shown by the yellow arrow in the figure above. If the golden cross is not formed and it falls below 86,000 again, then it will directly go through a 1h pullback.
The overall expectation is that the next 1h level pullback may fall back to 82000 or around 80000. If it comes out smoothly, it will be a good entry opportunity.
15M:
At the 15-minute level, a 15-minute rebound is currently running. Observe the strength of this rebound. Normally, if the 1h MACD crosses the golden cross again, it should rush to around 90,000 again, and then start the 1h level callback.
If the 15-minute level rebound cannot pass 88600, then it tends to be part of the 1h callback, as shown by the blue arrow in the above figure. Observe the strength of the rebound in the evening.
ETH
At the 15-minute level, Ethereum has already gone down, up, and down three times, indicating that Ethereum is already running a 1h level callback. This 1h callback is not expected to end yet. The third 15-minute down is not divergent, so the short-term is expected to rebound at the 15-minute level. As long as the rebound does not break through 3320, there should be a fifth 15-minute level decline. The fifth transaction observes whether the support of 3000 is broken. Normally, if Bitcoin 1h callback reaches 82000, Ethereum should go to around 2900~2950. Let's take a closer look.
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, the daily level rise, first see whether it will break through 100,000
4-hour level: The direction is upward, focus on 95000
1-hour level: The direction is downward, and it is expected to make another 1-hour correction.
15-minute level: The direction is upward. After the short-term 15-minute level rises, it will fall again.