Daily updates

Market conditions haven’t changed much over the weekend, so today’s update is brief. I’ll provide a more detailed update tomorrow if there’s a significant move.

BTC short-term outlook

Because short-term market conditions change quickly, 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 changes; this is for reference only.

1H/15M:

1) BTC has been moving sideways around 76,000 over the weekend and has now formed a 15-minute consolidation range. In the short term, we’ll first watch to see whether it makes another downward move out of this 15-minute range, toward around 74,000 or 73,500.

2) After the 15-minute pullback is expected to fall once more, there should be a 1-hour rebound.

3) After the 1h bounce is complete, there will be another 1h decline. At that point, we can watch whether the short-term 4h decline has ended.

4) If the price breaks back above 77,250, consider an earlier 1h bounce, though it will be followed by another 1h decline.

5) The focus is on next week. There’s a chance the market will bottom then, so let’s keep watching.

ETH

1) ETH also formed a 15m consolidation zone over the weekend. Let’s see whether it makes a downward move out of the range tonight or tomorrow morning.

2) For now, watch to see whether it breaks below 2,170 and moves toward around 2,150.

3) After the 1h pullback is complete, there will likely be a 1h bounce followed by another 1h decline. The next 1h decline may retest the 2,000–2,100 range.

4) ETH is currently expected to be in the fifth 4h decline within a daily downtrend. Let’s see next week whether this fifth 4h decline ends and whether the overall daily pullback is complete.