Daily Share

Bitcoin's callback today, the 1h pin broke below 68400, but it has not completely fallen below it. It was another volatile day during the day. The short-term failed to continue to fall, but it also failed to break upward. With this trend, it is difficult for us to perfectly judge the short-term trend. However, if combined with Ethereum, Ethereum broke through 3950 again today, indicating that Ethereum has extended upward at the 4h level as we expected. If Ethereum cannot break through 4000 again in the short term, Ethereum may have to make a 4h-level callback, because the current 4h-level internal structure of Ethereum's rise is perfect.

Therefore, if Ethereum goes through a 4-hour correction, then Bitcoin will most likely fall again, completing a 4-hour decline. However, there are still some variables in the short-term, and the current short-term operation is still somewhat difficult. Wait and see, don't rush to make a decision, it is recommended to wait for a clear trend to come out before operating. It is expected that the short-term direction will soon emerge.

 

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, there are two possibilities in structure. The first is that it cannot fall below 67,000 here. After consolidating the second 1h level center, it will continue to rebound above 72,000, forming an extension of the 4h level rebound, and a double-center rise. As shown by the blue arrow in the above figure, if this is the case, the big cake needs to stop falling from tonight to tomorrow, and should slowly rebound upwards to a 1h level rise.

The second is to fall back to around 66,000 in the short term, forming a 4h level correction. If Bitcoin moves in this way, then Ethereum will also have a 4h level correction. Then Bitcoin should have a 5-stroke 1h level structure, with the center of the middle plate, and the structure is shown by the white arrow in the figure above.

As for the specific move, we need to observe whether Bitcoin can reach 70,000 from early morning to tomorrow. If it cannot reach 70,000, the probability of Bitcoin moving toward the white arrow structure in the figure will increase.

15M：

At the 1h level, the current 1h level callback structure of Bitcoin has come out. If the trend of the blue arrow in the above figure is a 1h level callback. Here comes the point. If the current is a new 1h level rebound, then Bitcoin's rebound from tonight to tomorrow should break through 70,000 and go to around 72,000 or above. If it still cannot break through 70,000, it is necessary to consider that Bitcoin may directly fall back to around 66,000.

Therefore, the short-term trend is about to take shape. For us, we should observe more and make plans for different trends.

 

ETH

If Ethereum is to make a 4h level pullback, there is no problem in the structure. Because the first 4h level rise is currently close to perfect, it depends on whether the short-term trend continues to extend upward.

If the short-term correction falls below 3815, there is a high probability that a 4h level correction will be made, and the correction target will be around 3500 or a little below. If it stays above it, there is a chance to go up.

At the 15-minute level, the 1h-level rising structure of Ethereum is shown by the yellow arrow in the figure above. It consolidated a 15-minute-level center in the middle, and then continued to rise, breaking through 3950, indicating that the 4h-level rise of Ethereum continued to extend upward.

If the short-term trend continues to rise above 4000, then the 15-minute structure will not diverge, and it is possible to continue to extend upward. If it does not rise, but falls directly below 3815, there is a high probability that there will be a 1h level pullback or a 4h level pullback.

 

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: Direction upward, looking for a new daily level rise, target 85000

4-hour level: The direction is downward, and there is a possibility of a 4h level pullback in the short term

1-hour level: The direction is downward. If the short-term trend fails to break through 70,000 again, it will continue to pull back to 66,000.

15-minute level: The direction is upward. Let's see if it can reach 70,000 in the short term. The short-term trend is weak.