Daily share

Bitcoin still could not hold 106000 last night, so it did not rebound immediately today and continued to slide down to around 104600. Currently, structurally, this is running the third downward movement of the 1-hour level within the 4-hour level pullback, and this downward movement is expected to be nearing completion. After a short-term rebound, following another retest, we can see the fourth upward movement of the 1-hour level, and after the rebound, there will be a fifth downward movement of the 1-hour level.

Including Ethereum here, after breaking through yesterday, it has retraced again today, which is consistent with expectations that even if it rises, it will retest again.

Current trading still fits better with oscillation operations in a certain range. Pay attention to the possibility of short-term longs and shorts switching at any time.

BTC medium to long-term

Weekly level:

At the weekly level, currently undergoing the third upward movement at the weekly level, and this upward movement has not ended. It is expected that this upward movement may continue until the end of this year, with the final target leaning towards the range of 150,000 to 200,000. For the long-term outlook on Bitcoin, it is not recommended to overly short, as it is not ruled out that from 2026 to 2027, Bitcoin will remain in a long bull or slow bull era. Of course, for short to medium term, if there are signs of a pullback, it is acceptable to view it as a temporary short, but pay attention to the rhythm.

Daily:

Daily level: Currently running the third upward movement of the weekly level. This daily upward movement has not ended, and it is expected to break through 111980. The completion of this daily upward movement may have to wait until mid to late June. The final target above is focused on the range of 120,000 to 130,000.

4H:

At the 4-hour level, currently running the second pullback of the upward movement at the daily level, focusing on the support around 100,000 below. If it breaks, then look at the range of 95000 to 100000.

Currently, at the 4-hour level, three structures of the 1-hour level have already formed in the downward movement, so how much longer can this 4-hour level pullback last? It is expected not to be too long; patiently waiting for the structure to reach its position. After the second downward movement at the 4-hour level is completed, there will still be a third downward movement at the 4-hour level to break through above 112,000.

From this perspective, the 4-hour level pullback is actually an opportunity for us to layout mid-term long positions or mid-term spot opportunities, always ready for re-entry.

BTC short-term

Due to rapid changes in the market, the article can only make predictions based on the market changes at the moment of publication. Short-term players should pay attention to the latest market changes; it is merely a reference.

1H:

At the 1-hour level, currently undergoing the third downward movement of the 1-hour level. This downward movement of the 1-hour level should be nearing its end. From the internal structure perspective, it is expected to have another wave of downward movement, focusing on support around 103500 below. If the short-term can hold, tomorrow should see the emergence of the fourth upward movement of the 1-hour level, with the rebound target focusing on around 109000. After the rebound, it is expected that there will still be a fifth downward movement of the 1-hour level, with the fifth downward movement focusing on the support situation around 100,000.

15M:

In yesterday's article, we mentioned paying attention to 106000. If it breaks below, the short-term can continue to move down. Currently, a downward movement from the 15-minute level has reached around 104600. It should start a 15-minute level rebound, focusing on 106500 to 107000. Since this downward movement from the central zone is not diverging, after the 15-minute level rebound completes, there will still be a downward movement of the 15-minute level, focusing on around 103600 to 104000 below.

ETH

Ethereum broke through 2738 and then fell back. Currently, this is seen as a 4-hour level adjustment, and it is expected to retest 2400 or 2250 again. After the retest, it should continue to push up to test the 3000 level. Once 3000 breaks again, the next target is around 3500. Therefore, the overall daily rebound at the Ethereum level has not ended, and the current pullback is merely a pullback in the rebound process.

At the 1-hour level, currently still undergoing the first downward movement of the 1-hour level, which has not yet completed. Focus on 2500 or 2450 below. It is expected that after another drop in the early morning or tomorrow morning, it may start the second upward movement of the 1-hour level, with the second rebound focusing on around 2660. After that, there will still be a third downward movement of the 1-hour level, with the third downward movement looking at the support situation at 2400. Overall, the 4-hour level pullback can end after three movements; if the structure is complex, it may require five 1-hour structures.

15-minute level: First check if there is a 15-minute level rebound here. If it happens, focus on 2650. It is expected that there will still be a 15-minute level downward movement retesting 2500 or lower.

Trend direction

Weekly level: Direction upwards. Currently undergoing a new upward movement at the weekly level, with an overall target looking above 150,000.

At the daily level: Direction upwards. Currently undergoing a daily rebound, with the upward movement target around 120,000 to 130,000.

4-hour level: Direction downwards. The 4-hour level is in a pullback, with overall focus around 100,000.

1-hour level: Direction downwards. The current downward movement at the 1-hour level should still have some room to move down further, with a possibility of a rebound at the 1-hour level tomorrow.

15-minute level: Direction downwards