Daily Share

In the market in recent days, Bitcoin has performed abnormally strongly. The structure that should have undergone a correction has turned into a shallow sideways fluctuation. In the case that it has not gone down for a long time, the bears here need to be cautious.

The weekly line is about to close at 8 o'clock tomorrow morning. Currently, the weekly MACD is in a golden cross state above the 0 axis. If Bitcoin does not experience a stronger decline at 8 o'clock tomorrow morning, which is in the next ten hours, then the weekly golden cross will be locked. At that time, the probability of Bitcoin breaking through 70,000 next week will greatly increase. Therefore, if the golden cross is locked, we should continue to be bullish, unless a new top pattern appears on the daily line.
 

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, the trend here is not very clear, it can go up or down. If it continues to rise and breaks through 68650, it means that yesterday's 1h level correction ended as a shallow correction. If it continues to fall below 68000, it means that the 1h level decline continues to extend downward.

It is not recommended to short sell here. If you really want to short sell, wait for the market to continue to fall and weaken before participating. If the short-term trend is strong, you can temporarily avoid the sharp edge. The current short-term support is around 68,000. If it falls below this position, you can further look at 67,000 or lower.
 

15M：

At the 15-minute level, see if the 15-minute level callback falls below 68,000. If it does, the 1h level decline will continue to extend downward, and the lower levels can be focused on 67,000 and 66,500. If it does not fall below 68,000, the upper level will focus on 68,650, and a breakthrough may continue to rise to 70,000.

The uncertainty of the short-term market is increasing, so I will just watch and see. I will take action once the market becomes clear. There is no rush.
 

ETH

Ethereum continues to fluctuate sideways, both up and down are possible. Pay attention to 2663 on the top, and break through to test 2700. Pay attention to 2630 on the bottom, and if it falls below, it will continue to extend the 1h level callback downward, and pay attention to 2550 on the bottom.
 

Trend Direction

Weekly level: Downward direction, theoretically around 49,000, whether it is over or not still needs to be observed, it is entering the final observation stage, and it is likely to be clear before the end of the month

Daily level: The direction is upward. In the short term, we will continue to focus on the 67,000-70,000 range. If it breaks through 70,000, the next target will be around 80,000.

4-hour level: The direction is upward. A 4-hour rebound is in progress, with a target of 66,500-70,000. As for whether it can break through 70,000, the result should be known next week.

1-hour level: Downward direction, if it falls below 68,000, it will continue to look at 67,000 and 66,500. Before it falls below 68,000, it is uncertain whether the short-term trend will continue to rise.

15-minute level: Consolidation and shock