Daily share

Here, the short-term rebound has already successfully broken out of a 1-hour level. Judging from the short-term structure, it may still have the potential to continue rebounding upward—let’s first see how strong the momentum is.

Recently, too many people are bearish and expecting a breakdown below 61,000, even below 58,000. Personally, I still believe there will be another rebound before the end of the month. As I said in last night’s article, the real phase of one-way downward movement starts in September, not now. For the market to continue its downward path afterward, it often needs to first lure buyers upward to obtain liquidity, and only then can it smoothly move lower.

Short- to mid-term trend direction

4-hour cycle main direction: This week, it should be able to form a 4-hour level rebound, running into the end of the month. Then we’ll see whether it reaches 68,000 or an even higher level.

1-hour direction: The 1-hour timeframe rebound has played out. Let's first see how strong it is.

BTC short-term

Due to how quickly conditions change in the short term, the article can only forecast what the market will look like at the time it was published. Short-term traders should pay attention to the latest market changes—this is for reference only.

1H：

1）At the moment, a 1-hour timeframe rebound is underway. First, let's see whether this rebound can successfully break through 64,500. If it does, then this week we should see ranging action, followed by an advance toward 68,000.

2）If this 1-hour timeframe rebound can't get past 64,500, then the short term will have to go through another round of back-and-forth—back to retest 62,500 or lower. After the range consolidates, the rebound toward 68,000 can begin again.

3）Note that 68,000 is the basic target. If the bulls strengthen, by the end of the month there could be an extreme long-squeeze lure toward around 72,000. If Bitcoin reaches the 68,000 area but isn't very strong, then the overall daily rebound can also end directly around 68.

15M：

1）At the moment, this should be the third 15-minute timeframe rebound. First, gauge the strength of the upward move—see if it can successfully break through 64,500.

2）If there's a pullback in the short term, and price stays above 62,900, then we consider there is still a chance of continuing to rebound upward. If it breaks below, then we look to the next 1-hour timeframe downswing.

ETH

1）Ethereum is currently near the upper edge of a converging triangle. Let's see if it can break through and hold above 1,920. If it goes up and holds, then in the short term it should be a real 4-hour timeframe rebound toward around 2,000 or higher.

2）On the downside, watch 1,869. If price falls back below that level again, it will be considered that the short-term price will likely return to test around 1,850 or even 1,820.

3）Previously, we were looking for an Ethereum daily timeframe rebound toward the 2,200 area. But recently, the market structure has changed. If Bitcoin’s daily rebound only reaches 68,000, then Ethereum is likely limited to the 2,000~2,100 range. If Bitcoin can lure longs up to 72,000, then Ethereum’s daily rebound has a chance to reach around 2,200.