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BTC has actually completed a 1h level pullback this morning, but the pullback was not as significant as expected, only retracing to 95693. It is uncertain whether the 1h pullback has ended; it may perform another 1h rebound to the range of 98500~99000. Let's observe further. In my personal understanding, the current market is still within the scope of a 4h level pullback, just a 4h pullback, mainly oscillating, rather than the continuous decline that many people understand.

Having a pullback is better than not having one. For us, if there is no pullback and the market is hitting new highs every day, those without positions will worry repeatedly, as participating midway faces significant uncertainty. If there is a pullback, and then we participate, we will have the confidence to hold the position.

Be patient a bit longer, at least wait for the pullback structure to complete before planning the next wave of increase. Due to the chaotic structure in the short term, it is better to observe for now.

BTC

Due to the rapid changes in the market in the short term, 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, it is only for reference.

1H:

At the 1h level, it is uncertain whether the third 1h level decline has ended. If the 1h decline has ended, then it should perform a 1h level rebound to above 88000, and then oscillate for another 2 days before giving a pullback to retrace near or below 91000. As shown by the yellow arrow in the figure above.

If it does not go above 97300 tonight and continues to fall below 95693, it is considered that the third 1h level decline of BTC has extended, and overall it will take 5 moves before giving an opportunity to retrace to near 91000, as shown by the blue arrow in the figure above.

Regardless of whether the subsequent structure is blue or yellow, after the pullback here, it will continue to reach new highs above 110,000.

Therefore, there is no need to get too entangled in the different adjustment methods in the short term, just consider laying out the next wave of upward positions at more suitable locations.

15M:

The current 15-minute level structure seems to be continuing to push up, as indicated by the red arrow, performing a 1h level rebound, or it may decline again fearing the morning low of 95693, completing the extension of the 1h level decline. If it breaks down, pay attention to the range of 94500~94000 below.

ETH

The structure of ETH here seems to be heading for a 1h level pullback. Whether it will be a 4h level pullback depends on whether it breaks below 3540. If it does not break, then it is considered only a 1h pullback; if it breaks, it is a 4h level pullback. Currently, it is recommended to observe until tomorrow to see the market's state.

Trend direction

Weekly level: The direction is upward, currently moving towards a new weekly level increase, with an overall target looking above 150,000.

Daily level: The direction is upward, the daily level increase is expected to reach around 120,000.

4-hour level: The direction is downward, if it does not break 99200, it should still be a 4h level pullback.

1-hour level: Consolidation, at the 1h level, is inclined to consolidate around a central point for 1h, then retrace near 91000.

15-minute level: The direction is downward, uncertain whether it will break below 95693 again tonight. If it does not break, then in the short term, it should perform a 1h level rebound until tomorrow afternoon.

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The article has a time sensitivity, be aware of risks, the viewpoints in the text are only personal suggestions, for reference only!