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Bitcoin has currently gone through a 1h level correction, and this correction may not be over yet. It is likely to take some time. After this correction is over, it is expected that there will be another 1h level rebound to the 93,000~95,000 range again, and then start a 4h level correction.

The overall market is still a bull market, but it does not mean that we should be crazy about chasing in at a relatively high position, especially for contracts. If the entry position is not good, you will either not be able to hold on or suffer frequent losses. The same is true for spot. For the same currency, others have a cost of 0.3, but you have a cost of 0.7. Can you compare with others? When the bitcoin price has a callback, although the coins in other people's hands have also fallen, they are still profitable because of their low cost, but you still have a floating loss on the books because of your high entry position.

Therefore, how to enter the market at the right position is more critical. We still need to consider buying during a certain pullback and decline. Therefore, looking for pullbacks and declines does not mean that we have to be bearish on the market, but rather to find the next ideal buying opportunity.
 

BTC mid- to long-term

Weekly:

Currently, there is a weekly increase. Our goal for this weekly increase has always been 100,000+, but we didn't expect that Bitcoin's increase would be much faster than expected. It has reached 93,000 before we knew it, and it is only less than 8% away from the 100,000 mark. It is impossible to predict where this weekly increase will eventually go. We can only observe the situation after it breaks through 120,000~130,000. It is expected that it will fluctuate and rise for at least another half a year. Everyone must seize the opportunity in the second half of the bull market. If everyone was still hesitant in the first half of the year, not knowing whether there would be a big crash, and had no confidence in Bitcoin reaching 100,000. Then at the end of the year, confidence should come up. We firmly believe that Bitcoin will reach 100,000+ in the bull market and that the spring of altcoins will definitely come. This is the closest state where we can really seize the last opportunity.
 

Daily Line:

At the daily level, the sign to judge whether the current weekly rise starting from 49,000 is strong or not is to see whether the next daily level decline hits the center.

As shown in the above figure, Bitcoin fluctuated and consolidated in the range of 56800~72000, forming a daily-level center. At the same time, this center is also a weekly-level callback. The current is the departure section of this daily-level center. If the daily rise from 49000 can break through 100,000, then the next daily-level callback will most likely not fall below 72000. If it does not break through 100,000, the next daily-level callback is temporarily uncertain.

From the perspective of the lower center, as long as the next daily line callback does not fall below 72000, the overall weekly level rise will be a very strong upward trend, and the upper target will be higher and higher. If the next daily line callback falls below 72000, it means that the subsequent upward space will be greatly compressed.

Of course, it is still too early for the daily level rise to end. It will take at least a 4h level pullback and a 4h level rise to end, so the probability of this daily level rise breaking through 100,000 is relatively high.

 

4H：

At the 4h level, the current 4h level rise is too strong, and it is expected that it will not end here. After a short-term correction, it should continue to rise. The target of this 4h level rise is to focus on around 95,000. As for whether it can directly break through 100,000, it remains to be seen.

 

BTC short term

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, due to the strong momentum of the third 1h level rise, it directly pulled it from 66835 to 93265, an increase of more than 39%. Therefore, the current rise is not a divergence. Then there will be a fourth 1h level decline and a fifth 1h level rise.

Currently, it is the fourth 1h level decline, from 93265 to 86668. It is not certain whether this decline has ended. If it breaks through 90800 in the evening, it means that this 1h level decline is over and there will be a 1h level rebound, with the target around 94000~95000.

If it fails to break through 90,800, it is possible that it will fall back to around 85,000.

 

15M：

At the 15-minute level, if it effectively breaks through 90,800, it will tend to rise at the 1h level and go above 94,000. If it does not break through, there may be another 1h level correction. It is not clear what the market situation is at the moment, and we need to wait and see.
 

ETH

The 1h level pullback of Ethereum should not end normally, because the 15-minute level central axis does not diverge, so if it cannot be pulled back to 3200, there will be another 15-minute level decline to around 2950. If it breaks through, the short-term trend should be a new 1h level rise to around 3500.
 

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. It is uncertain whether the 1h-level pullback has ended. We can observe whether 90800 is broken. If it is broken, there may be a 1h-level rebound.

15-minute level: The direction is downward, depending on the strength of the 15-minute level pullback in the evening​​​