Daily Share

Bitcoin has entered a non-volatile phase over the weekend. It is currently oscillating around the 26450~26700 range. This may still be a weak rebound at the 1h level, or a 1h level center of oscillation. In general, this is a relay of the 4h level decline. The decline has not yet been completed. Wait for another decline next week, and then pay attention to the strength of the decline.


 

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, it is still oscillating. If it oscillates and consolidates for another 1-2 days, it will most likely be upgraded to a 1h level center. The key point is whether the center will fall in the next week. If so, there may be two 1h centers to end the 4h level decline, as shown in the figure above. If the trend does not accelerate after breaking 26,000 next week, and even fails to break 25,500, then we have to consider whether the follow-up is a shallow 4h level correction, and then a third 4h level rebound.

Therefore, next week’s trend should have a certain impact on the short- and medium-term structure. Don’t be anxious, just observe slowly.

 

15M：

At the 15-minute level, the white box in the above picture is the 15-minute level center. It is very likely to consolidate a blue box center, that is, consolidate a 1h level center, and then continue to fall next week. For the stop loss position of everyone's short orders, it is actually relatively simple. We use the 15-minute level center of the white box in the above picture as a reference point. If the short-term line cannot be pulled back to the inside of the 15-minute level center above, it means that the downward trend continues. Therefore, the lower edge of the white center near 27,000 is the position where you can set a stop loss for your short orders.
 

ETH

Ethereum may have rebounded at the 1h level yesterday, and then fell at the 1h level. After consolidating the 1h center, it will continue to fall next week. We can use Fibonacci to see the short-term upper pressure, which tends to be around 1625 of 0.618, or around 1613. The short-term support below is still 1560 and 1535. If it breaks 1535 next week, it may accelerate the decline.

 

Trend Direction

Weekly level: Downward direction, weekly level is in the process of oscillating decline

Daily level: The direction is downward. It is very likely that the first daily level decline has not ended. It depends on whether the decline will accelerate next week.

4-hour level: The direction is downward, and a 4h level decline is in progress. Pay attention to 25300 below

1-hour level: Consolidation. If it goes sideways for another 1-2 days, it will most likely be upgraded to a 1h level center. Overall, it should continue to fall next week.

15-minute level: Consolidation, short-term range is 26450~26700