Daily Share

According to our expectations, Bitcoin has successfully rebounded at the fifth 1h level. This rebound is almost over. In the short term, it may hit 28,000 again, or it may not. According to our expectations, if the fifth 1h level rebound cannot pass 28,580, then a second sell will be formed. This second sell is actually a second sell of the 4h level decline. Next, we need to pay attention to the strength of this 4h level decline.

Based on the strength of the decline at the 4h level, we can then observe whether it will be a direct decline at the daily level. In fact, we can just watch and follow as it goes.

Our general idea of ​​judging the market is as follows. First, we make an expectation of the large-scale trend based on the large-scale structure. Then we deduce the higher-level trend one level at a time based on the short-term trend, and then pay attention to whether the final process meets the large-scale expectation. For all market conditions, the rise is not achieved overnight, and the fall is not achieved overnight. For our trading, what is important is the trajectory of the intermediate price operation.

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：

The current 1h level rebound should be almost over, and there is a possibility of touching 28,000 in the short term. However, regardless of whether it can rebound again, there is not much room above, and it is difficult to break the high point of the previous few days, so here we are likely to see a 4h level decline. Next, let's look at the third 1h level decline in the 4h level decline. First, see if the third decline can hold above 26,500. If it holds, it may build a 1h level center and then extend downward.

We will not worry about the subsequent structure for now. At least in the short term, we will have to watch the third 1h level decline.

15M：

At the 15-minute level, it can extend upward to around 28,000, as shown by the yellow arrow. It may not go that high, and start the third 1h-level decline, as shown by the blue arrow in the above figure. In general, the 1h-level rebound here is in a state of having ended or about to end.
 

ETH

For Ether, this 1h level rebound is too weak, which is completely beyond my expectation. I thought it could reach around 1700, but today it reached 1655. We can observe here to see if the small level can extend upward. If it fails to rebound above 1660 at night, we will see the third 1h level decline. The third decline focuses on the support around 1560.

For Ethereum, the operation may be more difficult. At least those who were long on Ethereum yesterday will not make much profit today. And those who were short on Ethereum in the past few days did not get any benefit at all. It always rebounded after a short drop. I suggest you don’t operate it. It is hard to tell whether it is strong or weak in the short term.

If Ethereum falls below 1560, it can be almost confirmed that it will go down on a daily basis.

Trend Direction

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

Daily level: The direction is downward. The daily level rebound is likely to have ended, but further observation is still needed.

4-hour level: The direction is downward, looking at a 4h level decline, pay attention to the support of 26000

1-hour level: The direction is downward. The 1-hour rebound of Bitcoin that started yesterday is likely to end. The third 1-hour decline will be seen later.

15-minute level: The direction is downward. In the short term, it may touch 28,000 or even drop directly. But the overall space is not large. It will take a downward trend.