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The prediction difficulty for the market in recent days is still relatively high. Firstly, the 1h level rebound starting from 65,596 has actually emerged from a small to large transition, making it difficult to predict that it would be a 1h level rebound above 68,000 directly. Secondly, due to the imperfect overall 4h level correction structure, we will be entangled between continuing to extend downwards and having already ended in the 4h level.

Since the short-term has already pulled up above 68,800, it should have already started a 4h level rebound. However, the short term will still have corrections. You can wait for the 15-minute level correction or the 1h level correction; specific observation is needed.

BTC

Due to the rapid changes in the market, 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 changes in the market, and this should only be used as a reference.

1H:

At the 1h level, we are currently continuing to surge past 69,000, meaning that the 4h level correction should have ended early. The short term is the first 1h level rebound in the new 4h level rebound. This rebound has not ended and should continue to surge towards 70,000, with a second 1h level correction and a third 1h level rebound to follow.

15M:

At the 15-minute level, the white arrow on the left of the above image indicates three ups and downs, constituting the third 1h level drop in the 4h level correction. It can be clearly seen that the white arrow drop does not diverge, while the yellow arrow in the middle is obviously a small to large 1h level rebound. This 1h level rebound structure is quite complex, having formed an aAbcd structure. Such a complex structure, combined with a small to large rebound, makes it difficult for us to accurately predict the strength of the rebound in advance. Hence, the 1h rebound here exceeded personal expectations.

Due to the current strong 1h level rebound, the 4h level correction should have ended early, directly moving into a new 4h level rebound. The short-term expectation is that there will be a 15-minute level correction in the evening and early morning. As long as the correction does not fall below 67,600, it will continue to rise towards 70,000, as indicated by the green arrow in the above image.

If the 15-minute level correction breaks down below 67,600, then we need to pay attention; there is a high probability that a 1h level drop will occur here, which may retest around 66,500 to 67,000.

ETH

The entangled point in the trend of Ethereum here mainly lies in the drop from 2,566 to 2,382, i.e., the downward movement represented by the white arrow in the middle of the above image. It is not an effective 1h level drop, but rather a 15-minute level drop. Therefore, theoretically, there should still be a 1h level drop to retest around 2,380 later. It’s just that the rebound strength in these two days has been quite large and has not emerged yet.

If the evening correction again falls below 2,480, it means that there is a high probability of a short-term 1h level correction here, and we can continue to look towards around 2,400 below. If the 15-minute level correction in the evening does not fall below 2,480, then it will continue to rise, focusing on around 2,560 to 2,600 above.

Trend direction

Weekly level: Direction upwards, the current expectation of a new weekly rebound is gradually increasing, 70,000 remains a key observation point.

Daily level: Direction upwards, staying above 65,000, the daily rebound has not ended, there is a possibility of reaching around 75,000.

4-hour level: Direction upwards, it should directly perform a 4h level rebound, breaking 70,000 then pay attention to 74,000.

1-hour level: Direction upwards, the first 1h level rebound, pay attention to the 70,000 level above.

15-minute level: Direction downwards, it is expected that there will be a 15-minute level correction in the early morning, pay attention to the support at 67,600 below.