Daily share

The rebound of the large coin last night did not break through 114,700, so it fell back below 112,500 last night, reaching a low of 112,380, and the basic trend is also in line with expectations. The large coin is performing relatively weakly, so the community did not take a long position on the large coin last night, but instead went long on Ethereum, yielding decent overall returns.

It should be in the process of a 1-hour level rebound here, the structure is not yet complete, and it is expected to continue moving upwards. However, the overall rebound strength is still relatively weak. Therefore, after the rebound, it is highly probable that it will drop again, at which point continue to observe the support at the 110,000 level.

Ethereum's 1-hour level rebound structure has been established today, and it can normally continue to extend upwards, observing the upward strength.

BTC short-term

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

1H:

At the 1-hour level, it is currently expected that the fourth 1-hour level rebound is in progress and has not yet ended. In principle, as long as it does not break through 118,200, there will still be a fifth 1-hour level drop afterward. Therefore, after the rebound, opportunities to short can be sought. Then focus on the strength of the fifth 1-hour level drop, with a key support level below at 110,000.

15M:

15-minute level, there is still a third upward movement at the 15-minute level that needs to occur here, looking at the upward strength.

ETH

Ethereum 15-minute level, three movements have already been completed, satisfying the structural basis for a 1-hour level rebound. During the day, a fourth 15-minute level pullback has occurred, and it is expected that there will be a fifth 15-minute level rebound.

After the fifth movement is completed, consider whether to start a 4-hour level rebound based on the strength of the rebound.

Trend direction

Weekly level: Direction upwards, currently in the process of a new weekly level upward movement, with an overall target looking above 150,000.

Daily level: Direction downwards, there is a chance that the upward movement at the daily level has ended, and we can observe whether the subsequent 4H level will produce a lower high.

4-hour level: Direction downwards, looking for a 4-hour level drop in the short term, note that the 110,000 level may not hold.

1-hour level: Direction upwards, today is already experiencing a 1-hour level rebound, and it is highly probable that there will be another 1-hour downward movement after the rebound.

15-minute level: Direction upwards, waiting for the third 15-minute level movement to be completed.