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Since Bitcoin broke 109800, we are looking for a 1-hour level pullback here. The target for this 1-hour pullback is around 106000. As long as it does not break below 104500, it cannot be determined whether it is already entering a 4-hour pullback. Moreover, if it does not break 104500, there will be another 1-hour level rebound to go back above 110,000. Let's observe further.

BTC medium to long-term.

Weekly:

Weekly level, starting from 15476, 15476~73777 is the first wave of the weekly level upward trend in this bull market, 73777~49000 is the second wave of the weekly level pullback, and then 49000~currently above 110,000 is the third wave of the weekly level upward trend. The third wave of the weekly upward trend has not ended, and I personally expect the final peak to be in the range of 150,000~200,000. Currently, there is still a significant distance to the target area, and the time frame to reach that target area should be after this year's September or October.

After the completion of the third wave of the weekly level upward trend, does it mean that this round of the bull market, i.e., the monthly level upward trend has ended? Not necessarily. The monthly level upward trend can also consist of five weekly level structures. If it goes for five waves, it indicates that Bitcoin has entered a slow bull market.

Daily:

As mentioned above, starting from 49000, Bitcoin is undergoing a weekly level upward trend. So what is the internal structure of this weekly upward trend at the daily level?

Daily level, currently already has three waves. 49000~109588 is the first wave of the daily level upward trend, 109588~74508 is the second wave of the daily level pullback. Then from 74508~110000+ is the first wave of the daily level upward trend. The current daily upward trend starting from 74508 has not ended, as it still lacks two 4-hour level structures. The expectation is that the third wave of the daily level upward trend has the potential to reach the 120,000~130,000 range.

Personally, I tend to think that the third wave of the daily level upward trend is not enough to directly push to 150,000, so there will likely be a daily level pullback in between. That is, after the rebound of Bitcoin to 120,000~130,000, we still need to go for a fourth wave of daily level pullback. The fourth wave of daily pullback has the potential to reach around 90,000.

After the completion of the fourth wave of daily level pullback, we will look for the fifth wave of daily level upward trend to reach above 150,000.

4H:

For the 4-hour level, our recently anticipated target area for the 4-hour upward trend of 108500~112000 has been successfully reached, and the price is already close to the upper edge of the target area.

Then the necessary structure will not disappear. Just because we haven't seen a 4-hour level pullback yet doesn't mean we won't see one in the future. Currently, starting from 74508, we are experiencing a daily level upward trend, which internally needs to satisfy three 4-hour level structures up and down, i.e., the three strokes indicated by the yellow arrows in the above image.

It is clear that from 74500 to above 110,000, this is only the first wave of the 4-hour level upward trend, so there will inevitably be a 4-hour level pullback next; this is 100% certain. However, whether we are currently entering a 4-hour level pullback or we should wait for another surge before seeing a 4-hour pullback needs further observation.

If the 4-hour level pullback is successfully completed, Bitcoin may hope to reach the 95000~100000 range.

BTC short-term.

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 changes in the market, which is merely for reference.

1H:

1-hour level, a rebound from the 1-hour level in the Bitcoin central axis departure segment, from 102000~111980, this 1-hour rebound has already ended. Currently, a 1-hour level pullback is in progress, with the main support at 104000~104500. If it does not break below this position, there will be another 1-hour level rebound to push back above 110,000.

If Bitcoin breaks below 104500 again, we will look for a 4-hour level pullback.

15M:

15-minute level, currently this should be the first 15-minute level decline in the 1-hour level decline, focusing on 106500 below. There will be a second 15-minute level rebound afterward, followed by a third 15-minute level decline. Pay close attention to the strength of the third 15-minute level decline.

ETH

Ethereum is also looking for a 1-hour level decline here, as the short-term 15-minute level has already fallen back into the lower central zone. Currently, it is a 15-minute level decline, and there will be a second 15-minute level rebound and a third 15-minute level decline, watching whether the third 15-minute level decline will retest around 2440.

Trend direction.

Weekly level: Direction is up, currently entering a new weekly level upward trend, with an overall target looking above 150,000.

Daily level: Direction is up, currently undergoing a daily level rebound, with the upward target for this daily level reaching around 120,000~130,000.

4-hour level: Direction is up, as long as it stays above 104500, it cannot be determined that this is a 4-hour level pullback.

1-hour level: Direction is down, looking for a short-term 1-hour level pullback, aiming for the 105000~106000 range.

15-minute level: Direction is down.