Daily Share

After I issued the reminder to reduce my positions on December 5, most of the currencies have actually entered the adjustment phase. In the short term, the decline is still not very large, but periodic adjustments must take time. If the adjustment is only for one or two days, there is no need to remind everyone to reduce their positions.

From the perspective of the target, Bitcoin tends to fall back to around 90,000, or even lower. We will have to wait and see the specific structure.

 

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：

The current expectation is still the first 1h level decline in the 4h callback. The normal target of this decline is to see around 91000 or 90500. If it is successfully reached, there will be a second 1h level rebound and a third 1h level decline. The overall callback will first look at the support of 90,000, and if it falls below, it will look at around 87000.
 

15M：

At the 15-minute level, Bitcoin is currently going through a 15-minute decline, which has not yet been completed. Pay attention to whether 96,000 can be supported for a short time. If it is supported, it may rebound at the 15-minute level and then continue to fall. The normal target of the overall 1h decline is around 91,000.

 

ETH

Ether tends to be in a 4h level decline, which should be the continuation of the first 1h level decline. In last night's article, I mentioned that as long as the rebound does not break through 4030, there will be another 15-minute level decline from the central axis. Yesterday, Ether just rebounded to around 4015, but did not break through 4030, so Ether continued to extend the 1h level decline today. For the current 15-minute level decline, pay attention to around 3800. Since this decline does not diverge, it is expected that there will be another 15-minute level rebound and a general 15-minute level decline in the future.

The 1h decline focuses on the support around 3700. The specific position of the 4h pullback needs further observation.

 

Trend Direction

Weekly level: The direction is upward, and a new weekly level rise is currently underway, with the overall target above 150,000

Daily level: The direction is upward, the daily level rise is expected to reach around 120,000

4-hour level: The direction is downward. It is very likely that the rebound at the 4h level has ended here, and we still have to see a correction in the near future.

1-hour level: The direction is downward. Currently, there is a 1-hour decline, and it is expected to fall back to around 91,000.

15-minute level: Direction downward, continue to watch the downward momentum​​​