Daily share

The 1h-level pullback for Bitcoin here is nearly over; it can be observed further. If it can go down a bit more and break below 103,000, then the third wave down at the 1h level in the ongoing 4h-level drop may end, followed by the fourth wave of the 1h-level rebound and the fifth wave of the 1h-level drop. Overall, it is still in a fluctuating downward trend, and the 4h pullback continues to focus on around 100,000; if it breaks below, then look at the range of 95,000 to 100,000.

Bitcoin short-term

Due to the rapid changes in the market, the article can only make predictions based on the market changes at the time of publication. Short-term players should pay attention to the latest market changes, and this is only for reference.

1H:

1-hour level, the third wave of the 1h-level drop for Bitcoin here should be nearly over. It is currently uncertain whether it will go down further. If it can break below 103,000, that would be ideal as the 1h structure would be quite perfect. It is expected that a short-term rebound at the 1h level will happen soon, with a focus on around 106,000 for the rebound. After that, there will be a fifth wave of the 1h-level drop, focusing on the strength of the fifth wave down at the 1h level to see if it can break below 100,000.

Short-term, first observe whether there is a strong downward force in the early morning. Initially, focus on 102,500; if it breaks below, then look at around 101,000.

15M:

15-minute level, it may have already started a 1h-level rebound here, as indicated by the yellow arrow in the above image. If the 1h rebound has started, focus on around 106,000 for the rebound. It is expected that there may be 5 internal 15-minute level structures, with a consolidation of a 15-minute level center in between.

Of course, if it does not stabilize tonight and continues to drop, the lower levels to focus on are around 102,500 or 101,000, and then a 1h-level rebound will follow, as indicated by the green arrow in the above image. Currently, it is inclined to possibly go down further.

Ethereum

Ethereum is currently still running the first wave of the 1h-level drop in the ongoing 4h-level drop. This 1h drop has already completed the third wave of the 15-minute level down. It should still be able to go down a bit more, ideally reaching around 2650. It is expected that tomorrow will see the second wave of the 1h-level rebound, with a temporary focus on around 2600 to 2620 for the rebound, and then look at the third wave of the 1h-level drop, with lower targets at 2350 or 2250.

Trend direction

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

Daily level: Direction upwards, currently undergoing a daily rebound, with an upward target of around 120,000 to 130,000.

4-hour level: Direction downwards, currently in a 4h-level pullback, overall focus on around 100,000.

1-hour level: Direction downwards, currently watching if the 1h-level drop goes below 101,000. It is expected that there will be an opportunity to start a 1h rebound tomorrow.

15-minute level: Direction upwards, first see if it can go down a bit more. If it cannot go lower, then observe the structure of the 1h rebound.