Daily sharing

The large coin has actually completed a 1-hour level pullback this morning, but the extent of the pullback is not as large as expected, only pulling back to 95,693. It is uncertain whether the 1-hour pullback has ended; it might still make another 1-hour rebound to the 98,500-99,000 range, so we will observe further. In my personal understanding, the current market is still within the range of a 4-hour level pullback, which is mainly a 4-hour pullback, leaning towards a consolidation type of pullback, rather than the continuous decline that many people understand.

Having a pullback is better than not having one. For us, if there’s no pullback and new highs every day, those without positions will worry repeatedly because participating midway faces great uncertainty. If a pullback is given, then participating again will allow confidence in holding the position.

Be patient a little longer, at least wait for the pullback structure to manifest before setting up the next wave of increase. Due to the chaotic structure in the short term, it is better to remain on the sidelines for now.

BTC

Due to the rapid changes in the market, the article can only make predictions based on the market conditions at the moment of publication. Short-term players should pay attention to the latest market changes, which should only serve as a reference.

1H:

At the 1-hour level, it is uncertain whether the third wave of the 1-hour level drop has ended. If the 1-hour drop has ended, then it should be making an 1-hour level rebound before heading above 88,000, and then consolidating for another two days before giving a pullback to around 91,000 or lower, as indicated by the yellow arrow in the figure above.

If it doesn't go above 97,300 tonight and continues to drop below 95,693, then it is considered that the third wave of the 1-hour level drop has extended. Overall, it will take five waves to give a chance for a pullback near 91,000, as shown by the blue arrow in the figure above.

Regardless of whether the subsequent structure is blue or yellow, after this pullback, it will continue to surge to a new high above 110,000.

Therefore, there is no need to overly dwell on the different adjustment methods for the short term; just consider setting up the next wave of long positions at more appropriate locations.

15M:

The current structure at the 15-minute level looks like it will continue to push upwards, as indicated by the red arrow, making a 1-hour level rebound, or it might drop again below the morning low of 95,693, completing the extension of the 1-hour level drop. If it breaks down, pay attention to the 94,500-94,000 range below.

ETH

The structure of Ethereum here looks like it may be making a 1-hour level pullback. As for whether it is a 4-hour level pullback, we need to see if it breaks below 3,540. If it does not break, it is considered merely a 1-hour pullback; only breaking would be considered a 4-hour level pullback. Currently, it is recommended to wait until tomorrow to observe the market state.

Trend direction

Weekly level: upward direction, currently forming a new weekly level increase, with an overall target looking above 150,000.

Daily level: upward direction, expecting the daily level increase to reach around 120,000.

4-hour level: downward direction, if it does not break 99,200, it should still be a 4-hour level pullback.

1-hour level: consolidation, at the 1-hour level, tends towards consolidating a 1-hour level center before pulling back to around 91,000.

15-minute level: downward direction, uncertain whether it will break below 95,693 again tonight. If it does not break, then the short term should make a 1-hour level rebound to tomorrow afternoon.