April 24 market analysis, Bitcoin is expected to undergo a 1-hour level correction tomorrow, focusing on the strength of the correction.

Daily sharing

Bitcoin has successfully completed a 15-minute level correction in the short term. We are currently looking to see if there will be another 15-minute level rebound to reach around 95000. It is expected that there will be divergence afterward, leading to a 1-hour level correction. The next 1-hour correction is expected not to break below 86000 temporarily, followed by an upward move for a 1-hour rebound before ending the overall 4-hour level rebound. Therefore, the short term is still within the structure of a 4-hour level rebound, and a short-term long can be taken during corrections.

BTC

Due to the 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, and this should only serve as a reference.

1H:

At the 1-hour level, the current expectation for the 1-hour level rebound after leaving the central area is almost over. If there is another 15-minute level rebound, it should end this 1-hour rebound. It is expected that tomorrow there might be a 1-hour level correction, which normally should not directly break below 86000, and should look around 88000. Then a central area three-buy will emerge, followed by an upward move for a 1-hour rebound.

The key is to observe the strength of the next central three-buy followed by the 1-hour rebound. My personal expectation is that the probability of directly transitioning from three-buy to two-sell is higher.

15M:

15-minute level, last night a 15-minute level correction was successfully completed. In the short term, there should be a 15-minute level rebound, focusing on the strength of the 15-minute level rebound, possibly pushing above 95000, and after that, a 1-hour level correction is expected.

ETH

Ethereum has currently completed a 15-minute level correction. In the short term, we expect a 15-minute level rebound, and normally it should break below 1834 again, with attention to the 1850~1900 range above. After that, a 1-hour level correction is expected, focusing on the area around 1650 to see if it can hold.

Trend direction

Weekly level: direction is upward, currently on a new weekly level rise, with an overall target above 150000.

Daily level: direction is upward, it is expected that a daily level rebound is already in progress, with an overall target of 100000 to 102000.

4-hour level: direction is upward, the 4-hour level rebound has not ended yet, continuing upward to around 96500.

1-hour level: direction is downward, it is expected that after another push to yesterday's high, a 1-hour correction may begin.

15-minute level: direction is upward, normally will go for another 15-minute level rebound to above 95000.