Daily Share

The current highest price of Bitcoin has reached 72800. This price is not the top of the daily level, nor the top of the 4h level. It should be able to go up a little in the short term. However, the current 4h level rise has been running for nearly 50 days, and the increase has reached 88%, so there is a need for a 4h level correction in the near future. If the 4h level correction comes out smoothly, then it will be another good buying opportunity. In the bull market, the easiest way to make money is not to chase high, but to pick up cheap chips after a larger correction.

 

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, the current 1h level rebound is still short of a 15-minute level rebound. If it hits a new high again, it is very likely that it will be almost there, and then there will be a chance to make a 1h level pullback. According to the strength of the 1h pullback, it will be judged whether to continue to extend the 4h level rebound upward. As long as the next 1h level pullback remains above 64,000, it is still possible to continue to extend upward to a new high. If it falls below 64,000, there is a probability of a 4h level pullback.

The current market is basically still in a state of going long on a pullback. Don’t be afraid of a pullback. You should be afraid of whether there will be an opportunity for a pullback. Generally speaking, before the daily rise is completed, all pullbacks are making money.

15M：

At the 15-minute level, let’s see if there is another push to 73,000. If it does, the 1h level rebound can be over, thus forming a new 1h correction.

ETH

Ethereum’s current 1h rebound has a chance to hit 4100 again. In the short term, there may be a 1h correction tomorrow and the day after tomorrow. This correction will focus on whether it falls below 3723. If it stays above it, it may continue to extend the 4h rebound. If it falls below, there is a high probability of a 4h correction.

Copycat:

Although the current altcoins have seen some increases in the past month or so, and many of the increases have been large, the increases in most currencies are not very stable, often taking three steps forward and two steps back, and some even fall but not rise.

This situation is actually normal, because the fluctuation range of the copycat is large, and the bottom stage of the weekly line in the early stage needs to be repeatedly polished, pulling up the market and washing the chips at the same time. To give the simplest example: in the bull market, you will find that most copycats take a very long time to rise from the bottom and increase by 3 to 5 times. For example, it may take half a year, a year, or even longer for 1 US dollar to rise to 4 US dollars. But when the real copycat season comes, it often takes only a few weeks to rise from 4 US dollars to 20 US dollars, because the final sprint stage is an accelerated rise.

However, most people got on and off the bus repeatedly as the price rose from 1 US dollar to 4 US dollars, and were eventually washed out. In the following weeks, the price rose from 4 to 20, and they often missed out on it. Even if they did not miss out, they only doubled their money and then lost it.

At present, if Bitcoin has experienced a certain degree of correction, then it is time to buy altcoins.

 

Trend Direction

Weekly level: The direction is upward. It is currently a continuation of the weekly rebound that started at 15476. When it ends, we will pay attention to the subsequent daily situation.

Daily level: The direction is upward, the daily line is likely to go above 75,000

4-hour level: The direction is upward, and it will continue to extend. If it effectively falls below 64,000, it will see a 4-hour callback.

1-hour level: The direction is upward, and the short-term 1h rebound is likely to be over.

15-minute level: The direction is upward, first see if there is a wave of 73000​​​