Daily share
Unknowingly, the 1H level rebound here has lasted more than 4 days, continuously hitting new highs, but there hasn't been an accelerated upward push, so we still need to guard against a short-term 1H pullback and wait to go long again after the pullback. The overall daily uptrend is still ongoing, and there are currently no signals of a major trend reversal appearing.
Some friends have overly focused on the 4H or daily structure when considering issues, always thinking that since it has risen so much, I'll wait for a daily pullback to go long, or a 4H pullback to go long. In a one-sided uptrend, such thoughts can easily lead to missing opportunities, and a bad mindset might even result in going short.
In fact, when there are no trading opportunities at the daily and 4H levels, we might as well lower the trading level. If a 1H pullback occurs, and we are very certain there will be a 1H level rebound, then why not trade the 1H level rebound? If a 15-minute level pullback occurs, and we think there’s a high probability of a 15-minute level rebound, why can’t we operate a 15-minute level long position?
Contracts should often combine long-term and short-term strategies for better results, as there are not many long-term trading opportunities. Short-term trading should also be flexible; don’t hesitate to take profits when it’s time.
BTC
Due to the rapid changes in the market, the article can only make predictions based on the market conditions at the time of publication. Short-term traders should pay attention to the latest market changes and use this only as a reference.
1H:
1H level, despite having the expectation of a 1H level pullback, we still need to observe whether it can smoothly come out tomorrow. If it does, continue to focus on the area around 74000 below. After finishing the 1H pullback, there will also be a 1H level rebound, so for now, we still mainly look bullish. As for going short, it’s not easy to advise at the moment, mainly because it’s too strong, and setting a stop-loss is difficult; it depends on each person's own considerations.
15M:
15-minute level, still mainly watching whether the short-term can break below 75600 again. Only after breaking below can we confirm a 1H level pullback is happening. Until it breaks, it’s hard to say whether it will hit another high point.
ETH
Ethereum is currently very strong, the first 1H rise has broken through 3000, reaching a high of 3058. The short-term resistance is around 3080. If it does not break through directly, it is likely to undergo a 1H level pullback, retracing down to 2800, and then pushing up to 3080. The overall daily level rebound has main support in the 2750-2800 range, and as long as this range is not broken, then the 4H level or daily level rise has not ended.
Trend direction
Weekly level: Direction upwards, currently making a new weekly level rise, overall target looks at 100,000+.
Daily level: Direction upwards, there is a probability that the daily level rise will reach around 80,000.
4-hour level: Direction upwards, short-term focus on the resistance at 77500, an effective drop below 72000 would indicate a 4H pullback.
1-hour level: Direction downwards, breaking below 75600 again should confirm a 1H level pullback.
15-minute level: Direction downwards, if it stays above 75600, it cannot confirm when the short-term 1H pullback will occur.