Daily sharing

Last night, Bitcoin's 1-hour level correction fell to a low of 95734, which is actually a normal correction. However, many people panicked upon seeing the drop, thinking that a major crash was coming. In fact, this is a clear fear of heights. From the emotional perspective of everyone, it is clear that it shouldn’t drop too much in the short term.

Currently in the second half of the bull market, from the perspective of market sentiment, it is still in a cautious and optimistic phase. The caution among people is because Bitcoin has been rising since breaking 70,000, without any significant corrections in between, leading to a fear of heights and the worry that Bitcoin might make a sharp drop that could cause altcoins to plummet by 30-40% instantly. However, it is also currently in a stage of widespread altcoin growth, so there is still some optimism. Therefore, at this stage, my personal expectation is that Bitcoin is still unlikely to drop too much, and it would even be difficult to break below 90,000.

So if the structure indicates a normal correction, don't be overly afraid of a crash. In fact, we all know that in the short term, even if there is a wave of a crash for shaking out positions, it can easily be pulled back, and there is no need to overly scare yourself in the spot market.

The only thing you need to consider is your ability to adjust your position. For example, when the price reaches the expected target, consider reducing your position partially, and then when a correction occurs, buy back the reduced portion. Or consider leaving some room for funds and not going all in, so that if there is a correction, you still have the opportunity to add positions and continue to lower your average cost.

 

BTC

Due to rapid market changes in the short term, the article can only make predictions based on market changes at the moment of publication. Short-term players should pay attention to the latest market changes, and this should only be used as a reference.

1H:

1-hour level, currently running a rebound in the 1-hour central area three-buy, with the target for this 1-hour rebound focusing on around 102500. The subsequent focus will be on whether to continue consolidating a 1-hour central area.

If the trend is particularly strong, there is a possibility of a 3-center upward movement in the future. In a weaker scenario, we will consider whether to have a 4-hour correction. All of this needs to be observed as we progress; don't assume that a slight retracement indicates a daily decline, it's not that easy. Once a one-sided upward trend is formed, a correction is not so easy to achieve. Of course, in actual market conditions, I believe we need to continuously monitor when there will be a correction opportunity. Once a correction signal appears, I will promptly notify in an article.
 

15M:

15-minute level, the left yellow arrow is the internal 15-minute level structure of the 1-hour downward movement, which has had 5 downward movements. The right blue arrow is the expected 1-hour upward structure. Currently, it is uncertain whether the first 15-minute upward movement has ended. If it has ended, focus on the correction near 97300. Overall, the 1-hour upward movement needs to last at least until tomorrow morning, and if it takes a little longer, it might be pushed back.

 

ETH

On the 4-hour level structure of Ethereum, it has consolidated in the range of 2360~2730 at a low position for a 4-hour central area. Currently, it is in an upward movement of the 4-hour central area departure phase. From the above chart, we can see that this 4-hour departure phase is not divergent, so the daily upward trend of Ethereum is not likely to end so quickly. Subsequently, at least a 4-hour correction and a 4-hour level upward movement need to be completed.

Interspersing the daily structure, as Ethereum's recent upward movement has brought it back into the previous daily central area, it has now constituted a substantial reversal. Therefore, the first upward movement at the daily level is expected to break through 4000 and reach around 4200. After that, a daily correction will occur, followed by a third daily upward movement expected to break the historical high, which is 4800.

1-hour level, currently running a 1-hour central area three-buy upward movement. This upward movement has reached above 3500, which aligns with our previous prediction that Ethereum's supplementary rise would reach 3500 and 3700. For now, let's see if this 1-hour upward movement can break through 3700. There should be an opportunity.

Currently, it is only the first 15-minute level upward movement during the 1-hour upward phase. Short-term, there should be a 15-minute level correction, focusing on around 3400 below, and then there will be a third 15-minute level upward movement to see if it breaks through 3650.
 

Trend direction

Weekly level: Direction upward, currently in a new weekly upward movement, with an overall target looking above 150,000

Daily level: Direction upward, the daily upward movement is expected to reach around 120,000.

4-hour level: Direction upward, focusing on the range of 100,000~110,000 above.

1-hour level: Direction upward, currently in a 1-hour upward movement, initially focusing on 102500.

15-minute level: Direction upward

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The article is time-sensitive, pay attention to risks, and the views in the article are personal suggestions, for reference only!