Daily Share

The recent continuous volatility of Bitcoin has worn out the patience of many people. At this time, we must hold steady. Downward changes may occur at any time. Just wait patiently. The overall trend of Bitcoin has not changed much. A 4h-level decline went to around 28,500, and then a 4h-level rebound pulled back to the upper resistance.

According to the article on July 21, when Bitcoin retraced the upper resistance at the 4h level, some altcoins would pull up in batches. Because the funds cannot pull up all the altcoins at the same time, some altcoins will be rotated one after another, and then they will all dive together. Recently, there will be altcoins pulling up almost every two or three days, but they are still a minority. So does it mean that the altcoins that did not pull up will not rise this year? I am more inclined to believe that the altcoins that did not pull up will pull up in the second daily rebound during the Bitcoin weekly decline.

In general, it is difficult for all current currencies, including Bitcoin, Ethereum, mainstream, sub-mainstream, newly issued currencies, and other copycat currencies, to unify their trends. They are all guerrilla warfare in batches. If we really want to see an overall upward trend, Bitcoin needs to end its weekly retracement and start a new round of bull market, and rebound to 50,000 or 60,000, then the entire circle of targets will form a unified trend. And there is no chance of this year.

BTC short term

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 oscillations here. Of course, because the prices overlap, it is not an upward trend of two centers. It can only be said to be an oscillation of two boxes. In the short term, let's see if there can be another rebound to around 29800~30000. Regardless of whether there can be a rebound, the follow-up will depend on a decline of the green arrow, that is, the next 4h level decline below 28000, so wait patiently.

 

15M：

At the 15-minute level, it is still oscillating in the range of 29250~29550. Except for a downward break and a rapid pullback, and an upward break and a rapid fall back, there are no other changes. Let's continue to observe in the short term. The main pressure above is around 30000 and 30300. The main support below is 29000 and 28500.
 

ETH

The 4h level rebound of Ethereum has taken shape. The third yellow arrow (near 1862) can make a 4h level decline in the 4-hour central axis. Of course, if the situation is more complicated, there will be another 1h level rebound to around 1870, as shown by the blue arrow in the above figure, and the structure will be more perfect. But in any case, we will continue to see a new 4h level decline. The short-term upper pressure is 1880, 1900. The lower support is 1830, 1800.
 

Trend Direction

Weekly level: The direction is downward, and the weekly level is oscillating at the top. It should be almost done. The last wave of rebound is a lure for more.

Daily level: The direction is downward, and there is a high probability that 31800 is the top

4-hour level: The direction is downward. This week, the 4h level should normally fall. If it does not come out, then we will see the 4h level central oscillation.

1-hour level: unclear direction, sideways fluctuations, waiting to choose a direction

15-minute level: Consolidation, continued to fluctuate around the 29200~29550 range, with a small probability of another wave of 29800