Daily Share

In yesterday's article, we said that Bitcoin may continue to move downward in the short term to see whether it will fall back to 67500 or 67200. Last night, it successfully fell back to 67500, and then started a rebound. The current rebound here is a 1h level rebound.

From a technical point of view, this rebound should not exceed 73620, thus forming a 4h level correction. Of course, the results of the US election will be announced on the 6th Beijing time. If Trump wins in the end, it is hard to say whether Bitcoin will hit 74000 again. From a technical point of view, the probability is small, but there is still a certain probability. Therefore, it is best to wait for the election results to come out before observing the specific end of this 1h rebound.

Yesterday, within the internal group, a long position was taken near 67500; we just need to see how much profit can be made.

BTC

Due to the rapid changes in the market, the article can only make predictions based on the market changes at the moment of publication; short-term players should pay attention to the latest market changes, which are just for reference.

1H:

1-hour level: From a technical perspective, this should be the second 1-hour level rebound within a 4-hour downward trend; this rebound is not expected to break 73620. The first target is in the range of 70000~71000, and the second target is around 72000. After this, a third 1-hour level drop is expected, breaking below 67000 again, with support to pay attention to at 65000, as shown by the white arrow in the image above.

There is a smaller chance to surge again to around 74000 and then start to correct, as indicated by the yellow arrow in the image above; in this case, it is basically influenced by sentiment and is not within the scope of technical analysis, but I wanted to remind everyone.

15M:

The current 1-hour level rebound should not end so quickly, as there is a significant news event approaching; the main force will definitely act around the news rather than just dropping directly below 67500 without any news. Therefore, on the 15-minute level, it is very likely that there will be a day of oscillation and consolidation here, forming a 15-minute central pivot, and then surge upwards to 71000 or 72000.

If bearish, it is safer to wait for news to settle and see the situation.

ETH

The current 1-hour level rebound of Ether should at least see around 2540. If lucky, it may also surge to 2600. Specifics can be observed more; the expectation is to slowly oscillate upwards to below the 6th or in the evening.

Trend direction

Weekly level: Direction upwards; currently undergoing a new weekly level rise, with an overall target of 100,000+.

Daily level: Direction upwards; if it falls below 65000 again, there may be a daily level correction.

4-hour level: Direction downwards; it is expected to undergo a 4-hour level correction, unless this 1-hour rebound re-evaluates at 73620, which would negate this viewpoint.

1-hour level: Direction upwards; currently experiencing a 1-hour level rebound, with targets focusing on 71000, 72000, and an extreme view around 74000.

15-minute level: Direction upwards; it is expected that the short-term may consolidate a 15-minute central pivot in the range of 68700~70500, and then surge a bit.