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BTC’s 1-hour rebound has successfully reached the 84,000–85,000 range, and this rebound is probably close to running its course. Wait patiently for the next 1-hour downswing to develop. The key is whether it can break below 80,000 and reach under 77,500.
The larger timeframe is still in a daily correction. This leg of the daily correction could move a little faster or slower, so keep watching the internal structure. Once the structure is complete, we can turn bullish and target the next daily rebound toward the 100,000 area.
Medium- to short-term trend direction
4h main trend: This is the first 4h downswing in the short term. Watch for a pullback to the 76000–75000 range. After that, there should be a second 4h rebound and a third 4h downswing.
1h trend: Wait for the next 1h downswing to develop, and watch its downward momentum.
BTC short-term
Since the market can change quickly in the short term, this article can only forecast market movements based on conditions at the time of publication. Short-term traders should pay attention to the latest market movements; this is for reference only.
1H:
1) On the 1h chart, the rebound that began at 80393 has now moved smoothly above 84000. Next, a 1h downswing is expected.
Watch whether the next 1h downswing can break below the 80000 level.
2) If it can fall below 80000, there may be a chance of breaking below 77500 in the short term.
15M:
1) On the 15-minute chart, the current 1h rebound has already shown a bearish divergence internally. In the short term, a 15-minute pullback is expected.
2) If the 15-minute pullback falls below 82800, it would suggest that the 1h rebound has ended and the next 1h downswing is beginning.
ETH
1) The 1h rebound in ETH should be nearly complete by now. It has moved smoothly above 2550, reaching a high of 2579.
2) The short-term 15-minute pullback is underway. First, watch whether it can fall below 2510. If it does, the next move is likely to be a 1h pullback.
3) Watch whether the next 1h pullback can break below 2350.