Daily share

In the past two days, we were watching Bitcoin undergo a 1-hour level correction. In reality, the 1-hour correction for Bitcoin has not yet successfully completed, but it also hasn't broken above 105,819, so here we tend to think that Bitcoin is still in the process of a 1-hour level correction. However, Ethereum has actually completed its 1-hour correction early, and is currently undergoing a 1-hour level rebound. Ethereum has made another surge, reaching a high of around 2,738.

From the trend perspective, Bitcoin has somewhat stagnated, and it seems to be waiting for Ethereum's rebound structure to finish before both drop together, undergoing a 4-hour level correction. Therefore, I personally continue to wait for a 4-hour correction before participating in long positions. Before the 4-hour correction is completed, it is better to engage in short-term quick trades.

BTC

Due to the rapid changes in the market, the article can only predict the market changes at the moment of publication. Short-term players should pay attention to the latest market changes, which are only for reference.

1H:

At the 1-hour level, the current 1-hour level correction has not successfully completed. In the short term, it leans towards stabilizing in a 15-minute level range, then dropping again to around 100,000 to complete the 1-hour level correction. Overall, the probability of a 4-hour correction is increasing, and it is expected that this weekend to next week will be in a 4-hour level correction process. The first target for the 4-hour correction is around 95,000, and the second target is 90,000.

15M:

At the 15-minute level, it is expected that there should be another 15-minute level rebound to around 105,000. After the rebound is completed, observe the strength of the rebound; as long as it does not break through 105,800 again, Bitcoin should stabilize in a 15-minute level range before dropping again to extend the 1-hour level correction.

If it breaks through 105,800 again, we need to wait for Bitcoin to rebound to around 106,000~107,000 before starting a 4-hour level correction.

ETH

The overall 4-hour level rebound structure expectation for Ethereum is about to complete. Today, it has again created a new high, reaching 2,738. In the short term, there may be a 15-minute level rebound, which may not necessarily surpass 2,738. Currently, the distance to the upper resistance of 2,750~2,800 is getting closer, so it is advisable to reduce positions and take profits. Patience is needed to wait for the subsequent formation of a 4-hour correction before re-engaging.

Based on the current trend of Ethereum, the overall daily rebound has a chance to break through 3,040, thus directly reversing. However, I personally believe that before sprinting towards the 3,000 mark, Ethereum will likely first experience a downward washout, and then continue to surge.

Trend direction

Weekly level: The direction is upward, and it is currently undergoing a new weekly level increase, with an overall target above 150,000.

Daily level: The direction is upward, currently undergoing a daily rebound. This daily increase has a probability of continuing to create historical highs.

4-hour level: The direction is downward. It may have already started or is about to start a 4-hour level correction.

1-hour level: The direction is downward, and it may still be in a 1-hour correction.

15-minute level: The direction is upward. If the short-term 15-minute level rebound cannot break through 105,800, it will drop again.