Daily Share

Bitcoin fell below 59,500 this morning, confirming a 1h level correction. The current minimum is 58,112, but the 1h level decline has not yet been completed. Overall, if it does not break 57,000, there is still hope for another 1h level rebound to above 60,500, but structurally, the probability of this turning into a 4h level correction is still relatively high, especially Ethereum, which is already in a 4h level correction. If there is a short-term rebound, you can look for opportunities to short.

 

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：

The current 1h level callback of Bitcoin only needs to be observed around 57500. If it falls below, it is basically confirmed to be a 4h basic callback, and then there will be a second 1h level rebound and a third 1h level decline. The overall callback target is around 54000. As shown by the white arrow in the above figure.

If the 1h pullback does not fall below 57500, there is a certain probability that it will go to 60600 again, as shown by the green arrow in the above picture.

At present, the probability of a direct 4h level pullback is increasing, so make a good short-term trading plan.

 

15M：

At the 15-minute level, it depends on which direction it will go. Will it consolidate a 15-minute level center and then continue to fall, as shown by the white arrow, or will it go directly below 57,800.

Personally, I tend to think that 57500 may not be able to hold, so it is not suitable to go long directly in the short term, and we need to wait for the right signal.

 

ETH

Ethereum should have been experiencing a 4h level correction here. Currently, the first 1h level decline is focused on around 2210. Subsequently, we will see the second 1h level rebound and the third 1h level decline. The overall 4h level decline is expected to fall back to around 2100 or the 2000~2100 range.

If it falls to the expected target again, I will still rely on the stop loss of 2000 and try to buy spot, which is cost-effective.

 

Trend Direction

Weekly level: Downward direction, extension of weekly decline, theoretically around 49,000, the limit is 45,000~48,000, whether it is over or not still needs to be observed

Daily level: The direction is upward, and we will see if it will fall below 49,000.

4-hour level: The direction is downward, and the probability of a 4h level correction is relatively high.

1-hour level: The direction is downward, and a 1h-level correction is in progress. It is expected that there will be a 1h-level rebound tomorrow afternoon. The upper resistance is 59750

15-minute level: Direction down