Daily Share
It has to be said that it is very necessary to find and grasp the long and short critical points. Although the market structure sometimes does not move in a standard way, sometimes we always think that the previous wave of trend has not ended based on the structure, but in fact, when the market breaks through our expected long and short critical points, the trend often has turned.
For example, in the recent market, we repeatedly emphasized at the beginning that as long as Bitcoin does not break through 67800, it should have another correction back to around 65500, but when the price broke through, the actual structure has changed. Then Bitcoin continued to rise and broke through 68500 and 68850 successively. At this time, you have to admit that the short-term trend has turned from falling to rising. At this time, if the short position does not stop loss, it may be easy to be trapped or face the risk of liquidation.
This indicates that in actual trading, one must not be rigid. If the market reverses, you must switch your view from bearish to bullish or from bullish to bearish. This is very important. To determine if the market is about to reverse, in addition to structural judgment, one also needs to find key levels. If it breaks below a key level, the market is likely to continue to decline, following a downward trend. If it breaks above a key level, the market is likely to start rising, following an upward trend.
The community spot perfectly ambushed the SUI coin in this wave. If anyone needs to join the spot group, feel free to message me. Personally, I expect that from the end of November or early December to June 2025, the spot market will welcome a wave of spring flowers blooming.
BTC
Due to the rapid changes in the market, the article can only provide predictions based on the market conditions at the time of publication. Short-term players should pay attention to the latest market changes; this is merely for reference.
1H:
At the 1-hour level, it is currently still the first 1-hour level rebound in the 4-hour level rebound. Watch to see if this rebound will push towards around 72000. It is expected that tomorrow afternoon, there should be a 1-hour level pullback, with the main support in the range of 69500~70000. After the 1-hour pullback completes, there will still be a third 1-hour level rebound. The third 1-hour level rebound will see if it can break through 73777. If the third attempt does not break through, it is inclined to consolidate in the range of 70000~72500 as a 1-hour level center before breaking upwards.
Only a drop below 68500 can indicate that the market has a deteriorating trend.
15M:
At the 15-minute level, if it can maintain oscillation above 70500, there is hope to construct a 15-minute level center, then continue to extend this 1-hour level rebound towards around 72000 or above. If it breaks below 70500, it may lead to a 1-hour level pullback.
ETH
Ethereum is also expected to start a 4-hour level rebound here. The daily level rebound continues to extend upwards by forming a 4-hour level center, with hopes of reaching around 2830 or within the range of 2830~2950. So the short-term view here remains bullish.
Ethereum's short-term may have to undergo a 15-minute level pullback, with support around 2600. If it stabilizes, there might be a 15-minute level rebound, looking to see if it reaches around 2700. If it doesn't stabilize, it might undergo a 1-hour pullback, with further attention on around 2550.
Trend direction
Weekly level: Direction upwards, currently undergoing a new weekly level increase, with an overall target of 100k+.
Daily level: Direction upwards, possibly reaching around 75000.
4-hour level: Direction upwards, focus on 74000~75000.
1-hour level: Direction upwards, the first 1-hour level rebound has already broken 70000, with attention on around 72000. It is expected that there might be a 1-hour pullback or maintain a center oscillation in the next day or two.
15-minute level: Direction upwards, if it maintains above 70500, continue to pay attention to 72000.
