Daily share

For Bitcoin (big cake), the 1-hour level rebound earlier was still rather weak. The overnight push only reached above 85,100 and couldn't go any higher—it even failed to break through 85,255, the spike on the 25th. Personally, I think we should guard against the possibility that if Bitcoin can't go up, it may directly start a daily chart pullback. Although technically there is still a chance to make another attempt and push above 87,000, if the market remains too weak and can't play out properly, it’s still possible.

Today, the rebound callback dropped below 83,800. Most likely this is starting a new 1-hour level pullback. The key is to watch the strength of this 1-hour pullback.

Medium- and short-term trend direction

4h cycle main direction: At this point, it is highly likely that this is the last 4h-level rebound within a daily-chart rebound, and it is already in the terminal stage.

1h cycle direction: In the short term, a 1h-level correction is underway—watch the strength.

BTC short-term

Because market conditions are changing quickly, the article can only make predictions about how the market will change at the moment it is published. Short-term traders should pay attention to the latest changes—consider this only as a reference.

1H:

1）In the short term, a 1h-level correction is currently underway. First, look at the strength of this 1h correction. If the 1h correction ends without breaking down below 81500—meaning the 1h candle body does not fall below 81500—then afterward you can look for the next 1h-level rebound to push above 87000 again.

2）If the current 1h-level correction breaks below 81500, you need to be cautious. And if it breaks even further below 80000, then you can directly look for a 4h-level decline. If that happens, the first 4h-level decline can be watched around 76000.

15M:

1）On the 15-minute timeframe, it may currently be going through the second 15-minute rebound. If the rebound fails to get past 84800, then there will be another 15-minute drop to retrace again.

2）Whether this 1h-level decline will miss the 80000 level or not—focus on the strength of the third 15-minute decline.

ETH

1）For ETH here, it should also be going through a 1h-level correction. Watch whether this correction will fall below 2540. If it doesn’t break below, then in the short term there’s still a chance to push up again above 2800.

2）On the 15-minute timeframe, the current expectation is that price will rebound with a 15-minute pullback. If the rebound cannot break above 2705, then there will be another 15-minute decline to retrace back toward around 2600. If price breaks back above 2705 again, the pullback may be over and the rebound could continue.

3）ETH’s daily chart has formed a dead cross, but it hasn’t been confirmed. If by 8:00 tomorrow morning it still cannot hold above 2700, then ETH has a higher probability of forming a daily top divergence, and the probability of a daily-chart level decline will increase significantly.

4）In truth, the short-term move is a high-position pullback on a large timeframe level. But once the daily chart correction starts, there’s actually a very good chance to pick up cheap chips.