It is unclear whether the short-term small level will surge again, but it will eventually drop again.
Today's article is a brief update, and there hasn't been much change in the market; be patient and wait for the structure to emerge.
This mainly answers two questions:
First, will Bitcoin fall below 103068 again?
103068 is not the end of the 4-hour level correction, and there is a high probability that new lows will appear afterwards.
Second, will the short-term rebound continue to surge?
This is difficult to determine; the short-term 5-minute level and 15-minute level may not fully follow the predictions. The only thing that can be confirmed is that the short-term rebound will not break through 110700 again, and after the rebound, it will continue to drop below 103000. So, in reality, manage your position well; you can take profit on your short position below 103000 or even near 100000.
At the 1-hour level, there will ultimately be a drop below 103000, reaching near 100000, or a spike in the range of 95000~100000. However, before this wave of decline plays out, the ups and downs in the short term cannot be guaranteed 100%.
Now let's take a look at Ethereum; the short-term resistance above is at 2650. If it consolidates, it normally will not break through 2650 again. If it breaks through, it should go to around 2690~2700.
The current overall view of Ethereum is that the short-term movement here is merely a rebound within the 4-hour level correction, and after the rebound, it will again drop below 2450. Just like Bitcoin, the short-term ups and downs cannot be perfectly predicted; it requires everyone to manage their position and risk control well.
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