Daily Share
Judging from the current situation, the 1h level rebound of Bitcoin has not come out yet. It is really difficult to make a long position for this 1h level rebound. It has been extended down again and again, but it will eventually come out. If it is not easy to make a long position, then wait patiently and consider making a long position for the 4h level rebound when the 4h callback is close to the end. Or wait for the right signal.
In addition, the trading training course in our community will end in 3 days, so hurry up if you need to sign up. Currently, more than 80 people have participated in the course, and it will basically end when the time is up. After this course ends, it is expected that no more courses will be offered in the next one or two years, so just go with the flow.
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：
At the 1h level, we are still running the first 1h level decline in the 4h level callback. It is still very uncomfortable that the short-term rebound has not come out, but the callback will always end. I hope that the big cake will rebound at the 1h level without falling below 59,000, but don’t expect too much from the strength of this 1h rebound, but the necessary structure is indispensable. If the 1h level rebound comes out, I hope it can reach the 62,000~63,000 range. There should be a third 1h level decline afterwards, and I hope it can hold around 58,000.
15M：
At the 15-minute level, the current structure has produced a divergence. It is expected that there will be a 1h level rebound here. If it fails, we will continue to look at the support of 59,000. If it does, we will have a chance to touch around 63,000. As shown by the white arrow in the figure above. After the 1h level rebound, there will be another 1h level decline, and the target will be the support around 58,000.
ETH
The 1h-level decline of Ethereum continues to extend downward, and it is really difficult to bet on a rebound. From a structural point of view, the 1h-level decline has already diverged internally, and there is hope for a 1h-level rebound in the short term. Let's see if the short-term 15-minute level rebound can break through 2403. If it can break through, then we can see a 1h-level rebound, focusing on the vicinity of 2480~2500. If it fails to break through 2403, continue to see the 1h decline extension.
Trend Direction
Weekly level: The direction is downward. Theoretically, it is almost around 49,000. Whether it is over or not still needs to be observed, but the probability of a weekly rebound is increasing.
Daily level: The direction is upward, and the range of 67000~70000 should be continued in the short term
4-hour level: The direction is downward. In the short term, we will see a 4h level correction. The initial target of 61,000 has been broken. The second target is 58,000.
1-hour level: The direction is upward. It is expected that there will be a real 1-hour rebound in the short term, looking at around 63,000. After the rebound, it will continue to fall.
15-minute level: Direction upward
