Bitcoin (BTC) trend analysis and strategy suggestions
Last night, the trend of Bitcoin was in line with our expectations, and it smoothly fell back to the 55,000-56,000 range. Ethereum was a little behind. Although we saw it fall back to 2,250, the actual lowest price fell back to 2,277. In the short term, the current trend may consolidate to a 1-hour level center, and the 4-hour level rebound has not yet ended. It is expected that there is still potential to rise above 60,000 after the short-term consolidation. It is recommended to continue to wait patiently.
1 hour level
Yesterday's trend showed that Bitcoin has pulled back at the 1-hour level and is currently rebounding at the 1-hour level. In the short term, we need to pay attention to the breakthrough of 58,500. If it breaks through successfully, Bitcoin tends to continue to rebound to the 59,000-60,000 range. Next, there may be a 1-hour level pullback, stepping back to around 56,800, forming a 1-hour level center, and then breaking upward, with the target pointing to the 60,500-62,000 range. In terms of strategy, it is still inclined to go long after the pullback, and consider going short at the end of the 4-hour level rebound.
15 minutes
There is a certain uncertainty in the current trend, and the short-term is undergoing a 15-minute level correction. As long as it does not fall below 57,000, it is expected to form a third 15-minute level rebound, with the target being the 59,000-60,000 range. If it falls below 57,000, it indicates that the structure may change and turn to a 1-hour level correction, with the target falling back to around 56,000, and then launching a 1-hour level rebound.
Ethereum Analysis
Ethereum needs to observe whether it can stabilize at the 15-minute level and make the third 15-minute rebound, with the target around 2400. If it cannot break through 2391, it is inclined that Ethereum is still in a 1-hour level correction. Overall, if Bitcoin continues to surge above 60,000 after consolidating at the 4-hour level, Ethereum may also build a center and surge above 2500. Therefore, if you see a 1-hour level correction structure in the short term, you can consider going long.
Comprehensive analysis at different time levels
Weekly level: The direction is downward, continuing the downward trend at the weekly level, with the theoretical support level around 49000, and the extreme support level in the range of 45000~48000. Whether it has ended at present still needs further observation.
Daily level: The direction is upward, and we need to pay attention to whether the 49000 support level below is broken.
4-hour level: The direction is upward. In the short term, focus on the rebound at the 4-hour level. The target range is 60,500~62,000.
1-hour level: The direction is upward. It is expected that it will continue to rebound and consolidate to form a 1-hour level center in the short term. The subsequent target will be above 60,500.
15-minute level: The direction is upward. We need to observe whether there is a rebound at the 15-minute level, and the target is above 59,000.
Operational Strategy
In the short term, continue to go long on the pullback, and wait for the 4-hour level rebound to complete before considering short position layout.
