Yesterday we said that Bitcoin is about to rebound at the 1h level, with the rebound targets at 66,000 and 67,000. Yesterday we also said that Ethereum’s 1h rebound will focus on 3,250. Currently, both have reached the expected target. The current 1h rebound should be almost over, at most it will go up a little bit, and it will almost have a 1h correction.

Focus on the strength of the next 1h level decline. If the next 1h level decline cannot break 60660, it means that Bitcoin is likely to strengthen again.

I firmly believe that after the Bitcoin pullback, it will continue to break through 73777. I firmly believe that the Bitcoin bull market has not ended. Don't be afraid of short-term pullbacks. This is an important magic weapon for you to make money in the next few months. In this pullback, those who still have bullets continue to buy the bottom, and those who don't have bullets, just lie flat and don't move. You will probably have a big harvest in June.

BTC short term

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 since yesterday should be almost over. In the short term, we can see the fifth 1h level decline. This decline can be deep or shallow. If it is shallow, it is highly unlikely to fall below 60660, such as falling back to around 61000 or 61500. If it is deeper, it may break below 60000 again.

Therefore, the focus is on the strength of the next 1h pullback. If the strength is smaller, it means that the 4h level decline is likely to end.

15M：

At the 15-minute level, the short-term 15-minute level can be observed first. If the callback remains above 64,000, it may extend a short rebound upward. If it falls below 64,000, it is almost considered that the fifth 1h level callback is running. The fifth callback focuses on 61,500 and 59,500.

ETH

Ethereum has now made its second 1h-level rebound in the 4h-level decline. This rebound should be almost over. If it cannot go above 3260 again, it should go down for the third 1h-level. Even if it goes up again, it is estimated to be around 3300. The third 1h-level decline will normally break below 2852 again. It is expected to be around 2800. If it falls back again, it should be a very good opportunity to go long.

Altcoins

At present, the altcoins have fallen sharply, mainly because Bitcoin has risen from 30,000 to above 73,000. The funds in the market are still mainly Bitcoin, and the funds have not yet overflowed into the altcoins. The main dealers make money in batches, first pulling Bitcoin, and when they can easily sell a large amount of goods and make profits, the funds will flow into Ethereum and mainstream currencies. At this stage, some funds will flow into hot currencies. After that, the funds will almost start to speculate in turn and rotate the sectors.

In the process of such capital flow, don’t think that the currency that the capital flows into will skyrocket, and other currencies will stagnate. For example, when the main capital was only speculating on Bitcoin in the early stage, many altcoins also rose, and even the increase exceeded Bitcoin. However, Bitcoin speculated by the main capital is resistant to falling in the callback, while the altcoins that followed the surge are not resistant to falling, and they rise quickly and fall quickly. It is not until the main capital speculates on the altcoins that the altcoins will rise more, fall less, and continue to climb upward. This is actually the main rising wave of the altcoins, but the altcoins have not yet reached the stage of the main rising wave.

Profits and losses come from the same source. Altcoins are actually leveraged mainstream coins. In a bull market, if you cannot accept the huge drop in altcoins when they pull back, it will be difficult for you to enjoy the huge profits when altcoins soar. Risk and return are directly proportional. It is difficult to have both high returns and low risks.

Back to the market, I personally think that most of the current altcoins are about to fall back, or this round of correction is coming to an end. Strong altcoins may not fall below the low point of the April 14th spike. Weak altcoins may slightly break the low point and then go down a little. But this does not mean that the altcoins will continue to surge immediately. The altcoins can continue to fluctuate repeatedly at low levels.

Trend Direction

Weekly level: The direction is upward. It is currently a continuation of the weekly rebound that started at 15476. When it ends, we will pay attention to the subsequent daily situation.

Daily level: The direction is downward. Currently, a daily callback is running, which has reached the middle or late stage.

4-hour level: The direction is downward. This is the third 4-hour decline in the daily correction. Pay attention to 59,000-60,000 below.

1-hour level: Downward direction, the short-term 1h rebound is almost over, and there will be a 1h level callback in the future. Note that there is a certain probability that the next callback will not break 60660

15-minute level: The direction is downward, focus on 64000 below the 15-minute level

I am May. If you want to delve deeper into the cryptocurrency circle but can’t find a clue, want to get started quickly, but don’t know how to operate, welcome Zhu Ye to join the village. I hope everyone will be responsible for every decision in life. Come on!


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