Daily sharing
Today's article update will be earlier because I need to go out in the afternoon, and I am afraid I won't have time to update in the evening.
In yesterday's article, we mentioned that if Bitcoin broke through 97,300 last night, it should undergo a 1h level rebound, going for a trip in the 98,000~99,000 range. It has already achieved this, with a morning high of 98,130, but the 1h level rebound structure here is not yet complete, and it is expected to wait until after 10 PM tonight at the earliest.
This morning, mainstream coins surged again, accelerating upward, for example, Ripple reached a new high, nearly approaching its historical high, Litecoin broke through 120. In addition, Bitcoin is facing another drop near 90,000, so from midnight to tomorrow, if Bitcoin doesn’t rise above 99,250, caution is needed as there is a risk of a sharp downward spike.
However, the overall upward trend still will not stop here. If a drop occurs, it is highly likely to quickly reverse upward again, mainly focused on cleaning up leverage.
BTC
Due to the fast 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 changes in the market; this is merely for reference.
1H：
1h level, Bitcoin is currently undergoing the fourth 1h level rebound indicated by the yellow arrow in the above image. This rebound mainly looks at whether it breaks 99,250; if it breaks above, it indicates that the 4h correction has not started and the short term will continue to surge towards around 105,000, and then the 4h level correction will begin. However, the probability of this happening currently is low.
It is more probable that it cannot temporarily break 99,250 here, then re-test around 90,000, completing a 4h level correction; this probability is greater. Patiently observe the changes in the short-term market. If a smooth correction can be given, it should be an opportunity for layout before the next wave of increase.
15M：
15-minute level, currently undergoing the second 15-minute level correction, pay attention to around 96,000 for this correction. As long as it doesn't fall below 95,700, there should still be a third 15-minute level rebound, focusing on around 98,500. If it breaks below 95,700, then it should continue to look down.
ETH
15-minute level, Ethereum is still experiencing continuous fluctuations here, but this expected fluctuation shouldn't last too long; a short-term 1h or 4h level correction is facing. Currently, pay close attention to around 3,650, if it breaks below this position, it is considered that Ethereum will undergo a 1h level correction. If it does not break below 3,650, it can still make a 15-minute level rebound to above 3,700.
If the 1h correction is executed, pay attention to around 3,550; breaking below 3,530 is when we consider Ethereum's 4h correction.
Trend direction
Weekly level: Direction upward, currently in a new weekly upward move, overall target looks above 150,000.
Daily level: Direction upward, the daily level increase is expected to reach around 120,000.
4-hour level: Direction downward, if it does not break 99,250, it should still be a 4h level correction.
1-hour level: Direction downward, it still tends to undergo a 1h correction to 91,000 unless it breaks 99,250.
15-minute level: Direction upward, if it maintains above 96,000 in the short term, it should still go for another trip near 98,500.
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The article is time-sensitive, pay attention to risks, the views in this article are personal suggestions and for reference only!
