Daily Share

In the recent few days, the price of Bitcoin has continued to rise, and the structure is a continuation of the 1h level rise, and there has been no 1h level correction. From the market point of view, there is no pressure from above, and when to give a correction depends on the market.

From a trading perspective, the price has already risen to this point. If there is no clear callback structure, it is not safe to go long. Because you don't know when a big negative line will appear to clean up the market, so you can only wait for the time being. As for shorting, we can only say that the highs are constantly being refreshed, and the sky is high above, so you don't know where the price will rise, so it is not easy to intervene in the short position, at least it is not easy to set the stop loss.

Bitcoin has now reached 82,000. There should be a chance for a correction this week. It still matches yesterday’s view. Either a flash crash will complete the correction, or a small correction will be completed in the form of sideways fluctuations. It depends on the specific trend.
 

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, the current 1h level rise is too strong, and it keeps rising and refuses to pull back. It is not certain whether the 1h level rise here has ended, and it is not ruled out that it can continue to refresh the high point. According to the time cycle, it is only Monday now, and there is a chance to make a 1h pullback this week, and this pullback can occur at any time, because the internal structure has made many moves, and there is an expectation of divergence. However, if the strong market continues to rise, the technical side will appear a little pale and powerless.

It's a very simple truth. Now, MACD and other indicators are constantly showing top divergences. The price does not fall but continues to reach new highs. The TD indicator keeps showing 9 and 13. Has the price turned around? No. Whether it is the Chaos Theory or the Wave Theory, they all expect that there should be a callback structure in the middle. Has the structure come out? No. So when a unilateral trend appears, the technology will be temporarily ineffective. But the callback can only be postponed continuously, it will come.

In this case, you can either hold long orders at low levels with peace of mind. If you don’t have any orders, you can only wait patiently for a callback to enter the market. Even if the callback is a sideways decline, it still needs a structural breakthrough. Or you can only enter and exit quickly when you go long, which is a super short-term strategy.

Back to the market, if the 1h level correction comes out, it should at least fall back to 78000 or 79000. As for whether it will go deeper, it is not sure yet. After the correction, there will be another 1h level rise to a new high.

 

15M：

At the 15-minute level, the short-term trend will at least go through a 15-minute level correction, and pay attention to 80,000 below. If it falls below, it should be able to go out of the 1h correction, as shown by the yellow arrow in the figure above. If it does not fall below 80,000, it is not ruled out that it will continue to hit a high point.
 

ETH

Ethereum has already consolidated a 15-minute level center here. In the short term, it should fall back to around 3050. As for whether the 1h pullback here will fall deeper to 2900, we still need to observe the strength of the pullback.

 

Trend Direction

Weekly level: The direction is upward, and a new weekly level rise is currently underway, with the overall target of 100,000+

Daily level: The direction is upward. The daily level has risen to 80,000. The target is around 90,000.

4-hour level: The direction is upward, pay attention to 82000~85000 above

1-hour level: The direction is upward. If it falls below 80,000 again, we will see a 1h level correction.

15-minute level: The direction is downward, a short-term 15-minute level down, pay attention to the downward force​​​