Daily Share
Since Bitcoin rebounded from 58946, we have always emphasized that the 4h level rebound target is above 66500. The current price is close to it. Since the 4h level rebound structure has not been completed, we will continue to look up and pay close attention to whether 70,000 will be broken. The overall market is still in a bullish stage, and it is not recommended to be overly bearish for the time being.
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 more inclined to be the first 1h level rebound. The adjustment around 63000 in the middle is just a consolidation of the center. At present, this 1h level rebound still needs a 15-minute level callback and a 15-minute level rebound to end. The upper target is around 66500~67000. After this 1h level rebound ends, there will be another 1h level callback and the third 1h level rebound. The overall should enter the expected 66500~70000 range.
As for whether the 4h level rebound can finally successfully break through 70,000, it depends on the market's own luck. If it breaks through, we should see the overall weekly level rising stage.
15M:
At the 15-minute level, the current rise is in the 15-minute level center departure segment. There should be another 15-minute level pullback and a 15-minute level rise in the future. Pay attention to the 65,000 area below the short-term pullback. The next 15-minute level rise will see whether it reaches 67,000 to 68,000. As shown by the blue arrow in the figure above.
ETH
The 4h level rebound of Ethereum has not ended yet. In the short term, the 1h level rebound will see whether it can touch around 2700. There will be a second 1h level pullback and a third 1h level rebound. For the overall 4h level rebound of Ethereum, we have been firmly bullish from around 2400 a few days ago to around 2830 or above, so continue to wait patiently for the price to reach the expected position.
Trend Direction
Weekly level: The direction is downward. Theoretically, it is almost around 49,000. Whether it is over or not still needs to be observed, but the probability of a weekly rebound is increasing.
Daily level: The direction is upward, and the range of 67000~70000 should be continued in the short term
4-hour level: The direction is upward, and a 4-hour rebound is in progress, with the target range of 66,500-70,000. Whether it can break through 70,000 needs to be further observed.
1-hour level: The direction is upward, and it should be able to go up further in the short term. It is expected that a 1h correction may begin tomorrow afternoon or tomorrow night.
15-minute level: The direction is upward. In the short term, there is still one 15-minute level pullback and one 15-minute level rebound.