#BTC走势分析 #ETH走势分析
The following two images briefly illustrate the market situation of Bitcoin and Ethereum. The first image is the 1-hour chart summarized in the morning, and the second image is the 12-hour chart summarized before going to bed last night.
First, a brief discussion on the current small-level situation of Bitcoin: Before going to bed yesterday, a long position on Bitcoin was established at 78800. Currently, there is an upward central structure on the 1-hour chart. If it breaks through 81200 this afternoon, the central structure will be complete. Part of the position has been reduced at 82500. Moving forward, we need to pay attention to whether yesterday's previous high of 83555 can be broken. If it breaks through and then retraces without going back to 81200, it will be a second buying opportunity at this level. If it falls below, it can extend the central structure and continue to consolidate without making a new low before attempting to challenge this previous high. At that point, it can be observed in conjunction with the 4-hour level. If it reaches this point, there is a high probability of an upgrade, looking at the daily line.
A brief explanation of the current situation of Ethereum: Looking at the larger cycle, Ethereum is nearing the bottom. Future pullbacks may not break a new low, but they could. Even if it continues to fall, I believe it will be a good opportunity to get in. The larger cycle indicates that at this level, it is in a consolidation upward. If a new low is not made, it is expected that the second peak will occur from the end of the second quarter to the beginning of the third quarter. This is the outlook for the larger cycle.
The above is merely a personal opinion and should not be taken as investment advice. You can follow me for updates.