Daily Share
Bitcoin is currently undergoing a 1-hour level correction, and this 1-hour correction is expected to be nearing completion. In the short term, there may be another retest near 100,000, which is expected to conclude this downward movement. After this 1-hour level correction ends, there should be at least one more upward movement at the 1-hour level, and it is expected to continue to reach new highs.
For mainstream and altcoins, the adjustment expectations are also nearing completion. The continuous washing-out has lasted for about 40 to 50 days. If Bitcoin reaches a new high again, the mainstream and altcoins are expected to start a new rebound.
The market is quite grindy, and we can only wait more.
BTC
In the short term, due to rapid market changes, 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; this is merely for reference.
1H:
At the 1-hour level, the current downward structure has been established. If it retests below 100,000, the structure will be relatively perfect. Once this 1-hour correction is completed, there will be a third upward movement at the 1-hour level, targeting above 110,000.
From a timing perspective, tomorrow afternoon or evening, there should normally be a 1-hour level rebound, at which point we will further observe the strength of the 1-hour level rebound.
15M:
At the 15-minute level, if it dips again near 100,000, this 1-hour downward structure will be relatively perfect. The support below is in the range of 99,000 to 100,000, which should normally hold. If it holds, look for the next upward movement at the 1-hour level, targeting above 110,000.
If 99,000 cannot hold, then the next main support to watch is 97,000~98,000. It is expected that after reaching here, there is a high probability of a third upward movement at the 1-hour level, as indicated by the green arrow in the above image.
ETH
The 1-hour level central point for Ethereum has been established. After this consolidation, there is normally expected to be a 1-hour level rebound that needs to be executed. The target above continues to focus on 3,700.
In the short term, we are still running the fourth downward correction at the 1-hour level. This correction has already formed three structures of down, up, and down internally. Pay attention to the range of 3,180 to 3,150. It is expected that a rebound can occur at any time, depending on whether Bitcoin stabilizes in the short term.
Trend Direction
Weekly level: The direction is upward, currently in a new upward movement at the weekly level, with the overall target looking above 150,000.
Daily level: The direction is upward, the daily level increase is expected to reach 120,000, and if it breaks through, then look at 150,000.
4-hour level: The direction is upward, Bitcoin has already broken 108,000, setting a new historical high, and the focus continues to be on around 120,000.
1-hour level: The direction is upward, the current 1-hour level correction is expected to retest one more wave, structurally it is almost done. We might need to focus on the next upward movement at the 1-hour level in the next day or two.
15-minute level: The direction is downward, first focus on the support around 99,000 to 100,000.