Daily Share
As expected, the big cake rushed upward last night, and went up in the 15-minute central axis departure segment. The current highest point has reached 93265. From the current structure, it is expected to formally go through a 1h callback here. The strength of the callback needs to be observed. If the strength is smaller, it is estimated to be around 83,000 or 84,000.
Of course, some readers will argue that you always say there will be a 1h level pullback, but the price keeps going higher and higher. It should be noted that we are only speaking from an objective perspective, and this pullback structure will definitely happen. As for when it will come and how much it will rise before the pullback, this is not something we can decide.
But this does not affect our trading. If the 1h callback has not come out, can we not buy the spot of the cottage? Can't we make a long order for a 15-minute rebound? Thinking should not be too rigid. Don't keep waiting for the expected callback, and don't be overly bearish. This is what we emphasized last week. There is no operation opportunity at the 1h level, which does not mean there is no operation opportunity at the 15-minute level. It also does not mean that the spot cannot be bought. Look at how well the cottage has risen in the past few days. Many coins have doubled in about a day.
Currently, altcoins have entered a short-term crazy mode, especially some new coins, which have been pulling up a lot, but it is still not a market where most people can make money, so now is not the real spring of altcoins.
"Sir, many coins have exploded. In the past two days, either this coin or that coin has exploded. Isn't this the real altcoin season?" How to understand the spring of altcoins?
At present, the price of Bitcoin is rising, and so are the prices of altcoins. However, the price of Bitcoin is rising more steadily, and once it rises, it will not fall for a while. However, the prices of altcoins are different. They can rise, and the increase is often very huge. Recently, several coins have increased tenfold.
However, the current altcoins are not resistant to declines, and the value preservation effect is much worse. As long as the big bitcoin falls sharply, the altcoins will fall more, and the rebound speed is relatively slow, and it will take a long time to fall. When the real altcoin spring comes, the altcoins will go up and will not come down for a while, or they will rise quickly after falling and set new highs.
So when will such a market come? It is already brewing, but it still needs some time, and it is expected to be after the Bitcoin price breaks through 100,000.
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, it is expected that there will be a 1h level correction. If it can fall below 88,000 at night, it indicates that the 1h correction is likely to come out. If it succeeds, pay attention to 84,000 or 83,500 below. Of course, we must also prevent the correction from being too strong and going lower.
If it does not fall below 88,000 overnight, then be careful and there may be another wave of increases.
15M：
At the 15-minute level, we expect the third 15-minute level decline to occur. Let’s see where the third decline will go. If it falls below 88,000, we can consider it a 1h correction. Before it falls below 88,000, we need to observe again to see if there will be another rebound.
ETH
The trend of Ethereum is in line with expectations. The current 1h level correction should not be over yet. There is still a 15-minute level decline. Let's see where it can go in the current 15 minutes. There is a certain support around 2950~3000 below. We still need to see the details. The correction can be deep or shallow, and it is difficult to control the current point.
After this 1h level pullback is over, it is expected that the next 1h level rebound should be able to reach around 3600, so the pullback is a good opportunity, so be patient and wait.
Trend Direction
Weekly level: The direction is upward, and a new weekly level rise is currently underway, with the overall target of 100,000+
Daily level: The direction is upward, the daily level rise, first see whether it will break through 100,000
4-hour level: The direction is upward, focus on 95000
1-hour level: The direction is downward, and there may be a 1-hour level correction. Pay attention to around 84,000 or lower.
15-minute level: Downward direction, pay attention to whether it falls below 88,000
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The article is timely, please pay attention to the risks. The views in the article are only personal suggestions and are for reference only!
