1.2 Market Analysis, Bitcoin has successfully completed the expected structure of the 1h level rebound, and there is expected to be another wave of pullback.

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In yesterday's market analysis, we mentioned that Bitcoin normally needs to make another rebound to above 96,000, which has now been successfully achieved. The structure of the 1h level rebound has been completed, and we will see if it will retrace and create a 1h level central area exit decline. According to our expectations, there is still one more decline needed, mainly because Ethereum's pullback structure has not been established. So let's observe for now.

BTC

Due to the rapid changes in the market, this article can only make predictions based on the market changes at the time of publication. Short-term players should pay attention to the latest market changes, and this is merely for reference.

1H:

1h level, Bitcoin has already completed the fourth 1h level rebound here, and the short-term may not be over yet, focusing on around 98,000. After that, as long as it does not break through 100,000 again, it is expected that there will be another 1h level decline to around 90,000. Prepare for the relevant expectations.

15M:

15-minute level: Here, the third 15-minute level rise has already been successfully completed. The short-term should still be able to rise further, focusing on around 98,000. If it cannot break through 100,000, then it is expected to create a 1h level decline from the central area exit. The 15-minute level will see if it consolidates in the central area and extends upward a bit. It is expected that there will be an opportunity for a 1h level pullback tomorrow afternoon.

ETH

Ethereum is still within the 1h level central area fluctuation. In the short term, let's see if it rebounds to around 3,500. As long as it does not break through 3,570, Ethereum may need to make another 1h level decline to retrace to around 3,100 or 3,000. We will see specifically tomorrow afternoon or evening if there will be a 1h level pullback.

Trend direction

Weekly level: Direction is upward, currently experiencing a new weekly level rise, with an overall target above 150,000.

Daily level: Direction is upward, the daily level rise is expected to reach 120,000, and if it breaks through, we will look at 150,000.

4-hour level: Direction is downward, the 4h level pullback may not be complete, continue to focus on around 90,000.

1-hour level: Direction is upward, the short-term 1h level rebound has already occurred. If it does not break through 100,000, there will be another 1h pullback.

15-minute level: Direction is upward, looking at the strength of the upward movement here in the short term.