Daily Share
Bitcoin finally broke through 109588 today, once again proving that the high point in January this year is not a historical peak, which aligns with our judgment on the overall trend. However, many people are not happy, for the reason that it is still a bull market for Bitcoin alone. Ask friends around you who hold spot coins, the altcoins they currently hold have not yet returned to break-even and are deeply trapped. This bull market is indeed quite ironic.
Is there no chance for altcoins at all? Personally, I believe there are still opportunities, but it may take longer to brew a big one. If Bitcoin does not drop significantly in the next week, altcoins have a chance to surge again, but if Bitcoin's correction is too large, then it's hard to say. More opportunities for altcoins may come after September in the second half of the year.
Short-term BTC
Due to the rapid changes in the market, the article can only make a prediction based on the market change at the moment of publication. Short-term players should pay attention to the latest market changes, and this is merely for reference.
1H:
The above chart shows the entire complete 1-hour structure of the 4-hour upward movement from 74600 to the present. It can be seen that the overall trend has formed three central upward movements. The three central points indicate that the upward force is relatively strong. Currently, it is uncertain whether this 1-hour level rebound has ended; there is a possibility of an end in the short term. The current departure phase is in a potential divergence stage.
If the short-term trend breaks below 109800 again, it will be considered likely to start a 1-hour correction. The 1-hour correction can focus around 106000, but as long as it does not drop below 104500, there will still be a chance for a third buy rebound to see if it can continue to make new highs.
15M:
15-minute level, it is currently uncertain whether the fifth 15-minute level upward movement here has ended. If it has ended, we will look for a 1-hour level correction. However, if it does not break below the 110000 mark for a long time tonight, there is still a possibility to surge above 112000.
ETH
Ethereum here has the potential for a 1-hour level rebound to make new highs, meaning there is a chance to break through 2738 and go to around 2750. Let's see specifically; if it does not drop below 2515 in the short term, it can still go up. If it breaks below this position, then look for a 1-hour level correction.
Trend Direction
Weekly level: Direction is upward, currently undergoing a new weekly upward movement, with the overall target looking above 150,000.
Daily level: Direction is upward, currently undergoing a daily rebound, and there is a probability that this daily rise will continue to create historical new highs.
4-hour level: Direction is upward, the internal structure of the current 4-hour upward movement has not yet ended, and there is still a chance to go up.
1-hour level: Direction is downward, looking at a 1-hour level correction, to see if it can retrace near 106000.
15-minute level: Direction is downward, first look at the strength of the 15-minute level correction, breaking below 109800 is needed to confirm the 1-hour correction.
