Daily Share

Bitcoin’s correction last night did not fall below 27160, but Ethereum has already fallen below 1560. This basically means that Ethereum’s daily rebound has ended, and it is about to fall on a daily basis. Judging from the relationship between Ethereum and Bitcoin, Bitcoin is also about to fall on a daily basis.

So on a comprehensive basis, it is a bit difficult for Bitcoin to break through 28580 at present. Of course, in terms of probability, it is not impossible for the time being. After all, it is still relatively strong and has not broken down to 27000. Then there is still a certain probability of breaking through 28580, but this probability is gradually decreasing.

Well, I personally tend to think that Bitcoin is not far from a new wave of decline. Once a new daily decline begins, 24800 will definitely be broken.

 

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, Bitcoin is still oscillating in the range of 27100~28200, and the specific direction has not been determined in the short term. The main support below is still in the range of 27000~27200. Once it falls below this range, it will start to be bearish. If it does not fall below, it is entirely possible to oscillate for a while longer. There will be CPI data this Thursday, and we can see whether Bitcoin can take the opportunity to make things happen.

Structurally, 27160~28200 belongs to a 1h level center. It has not left the center yet, but it reached a low of 27260 last night. It can be considered that it is now in the process of a 4h level decline. It depends on whether the short-term can successfully get out of the 1h level decline in the section leaving the center.

Whether yesterday's 1h-level decline has ended, we need to observe the strength of the next 15-minute decline in the short term. If it does not break 27260, it can be considered a 1h-level rebound. If the next 15-minute decline continues to fall below 27260, the 1h-level decline will continue to extend, and we will continue to pay attention to the support of 27000.

In terms of operation, as long as the 4h level decline has not been confirmed to be over, it is still recommended to buy on highs.
 

15M：

At the 15-minute level, there should be a 15-minute level correction at present. Pay attention to the strength of the 15-minute level decline. If it can break the low point of last night, as shown by the blue arrow in the figure above, it can be considered as a continuation of the 1h level decline. If the 15-minute level decline is not strong and cannot break the low point of last night, as shown by the yellow arrow in the figure above, then we can see a 1h level rebound to 27,800 or 28,000 again.

 

ETH

The daily level of Ethereum is currently a standard daily level center. Now it is likely to fall in the daily level after the center leaves. So I think the subsequent decline of Ethereum will be relatively strong. If it falls strongly, it is normal to go to around 1100. If it falls weakly, it can also reach more than 1300.

Currently, the first 4h-level decline in the daily decline is running. This 4h-level decline should not be over yet. It is expected that this 4h may break below 1500, and then rebound at the second 4h level. The 1h-level structure within the 4h-level decline is as shown in the figure above. In the short term, it is still the third 1h-level decline in this 4h-level decline. This decline should be almost over. In the short term, we will see a 1h-level rebound. The expected rebound focuses on the vicinity of 1620, building a 1h-level center, and then continue to extend downward.

The main pressure above is around 1650. Basically, as long as the rebound cannot break through this position, it will continue to fall at the 4h level. The decline at the daily level has just begun.

At the 15-minute level, there should be a short-term 15-minute level pullback. If the 15-minute level decline does not break 1546, then look for a 1h level rebound. If it falls below, pay attention to whether the 1h level can form a bottom.

 

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 may have ended, but further observation is still needed to see whether it will extend.

4-hour level: The direction is downward, with a high probability of a decline at the 4h level. Pay attention to the support of the 27000~27200 range below.

1 hour level: the direction is upward. If it continues to maintain above 27000 in the short term, we can see a 1h level rebound to around 27800 and 28000. The main body is still oscillating around the 27100~28200 center. If it leaves this range effectively, the short-term direction will be clear.

15-minute level: Downward direction, currently looking at a 15-minute level, see if the callback falls below 27260, if not, look for a 1h level rebound