Daily Sharing

In recent analyses, we mentioned that the upward structure of the major coin at the 1-hour level was not complete and should reach around 98,000; it has successfully emerged now. The major coin has not yet broken above 100,000, so according to our expectations, it should still need to undergo a downward movement to around 90,000 as part of a central exit section.

However, some may say that Ethereum has broken 3,570 and reached a high of 3,644; has the 4-hour correction ended? Here, we still take the major coin as the standard. If the major coin's 4-hour correction has not ended, Ethereum will still likely undergo another correction.

Let's take a look at the major coin's movement in the next couple of days. If it directly breaks above 100,000, it may end the correction. If there is no breakthrough, then structurally, another retracement will still be needed.

BTC

Due to rapid changes in the market in the short term, this 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, and this should only serve as a reference.

1H:

At the 1-hour level, the major coin has reached above 98,000 as expected. The fourth upward movement at the 1-hour level can actually be considered complete, but we need to pay attention to whether there will be an extension. If it continues to extend upward and breaks above 100,000, we tend to believe that the major coin's 4-hour correction may have directly ended, leading to an upward movement at the 4-hour level, as indicated by the blue arrow in the figure above.

However, if it does not rise to 100,000 for a long time, and falls below 96,000 again, we believe that in the short term there will be a decline to around 91,000~90,000 as part of a central exit section, as indicated by the green arrow in the figure above.

15M:

15-minute level, currently has completed the fifth upward movement at the 15-minute level; in the short term, we are observing whether it will proceed with the seventh upward movement at the 15-minute level to around 99,000. Of course, if it directly retraces and breaks below 96,000 here, we can confirm a significant correction at the 1-hour level.

ETH

The central movement of Ethereum at the 1-hour level is still very strong. Currently, if it directly breaks above 3,830, it is believed that the market has reversed, and we will continue to look bullish to above 4,100. If it does not break, there is still a probability of another retracement to 3,100, unless the major coin also breaks above 100,000, which would then negate the possibility of another correction.

Trend Direction

Weekly level: Direction is upward, currently forming a new upward movement at the weekly level, with an overall target above 150,000.

Daily level: Direction is upward, with the expectation that the daily upward movement will reach 120,000 and further look at 150,000 after a breakthrough.

4-hour level: Direction is downward, the 4-hour correction can only be negated if it breaks above 100,000.

1-hour level: Direction is downward, the short-term upward movement at the 1-hour level has already occurred; if it does not break above 100,000, there will still be a downward correction at the 1-hour level.

15-minute level: Direction is upward, but it is uncertain whether it will go to around 99,000 again.