Daily share

After breaking 110,000 last night, Bitcoin initiated a 1h level pullback. Structurally, this 1h pullback has not yet ended, and it is currently experiencing a 15-minute level rebound. There may be a small v-shaped rebound followed by another decline. Overall, focus on 104,500 for the 1h level pullback; if this position is broken, it is believed that Bitcoin will start a 4h level pullback.

Similarly, for pullbacks, the 1h level pullback and the 4h level pullback have different time periods and amplitudes. The amplitude of the 4h level pullback is definitely greater than that of the 1h pullback, and the time for the 4h pullback is longer, generally lasting from ten days to half a month.

BTC

Due to the fast changes in the market for short-term trading, the article can only make a prediction based on the market change at the moment of publication. Short-term players should pay attention to the latest market changes, and this should only be used as a reference.

1H:

1h level, the current 1h level pullback has not ended. After a short-term rebound, it should decline again. Watch if 104,500 holds; if it does not break below, there will likely be another 1h level rebound to around 112,000. If it breaks below 104,500, then we will look for a 4h level pullback.

15M:

15-minute level, currently experiencing a 15-minute level rebound. The strength of this 15-minute level rebound is still uncertain, but there is a certain probability of a v-shaped rebound back to around 111,000, as indicated by the yellow arrow. After the rebound, we will look at the third 15-minute level decline, focusing on whether the third decline breaks below 104,500.

ETH

1h level, the 1h level pullback for Ethereum here has also not ended. It is expected to at least retrace to around 1450. The short-term 15-minute level rebound should be observed to see if it rebounds to around 2630. Since Ethereum couldn't push above 2738 yesterday, it is still in the process of a 4h level pullback, and there are still opportunities to retrace to around 2250.

Trend direction

Weekly level: direction upwards, currently experiencing a new weekly level rise, with an overall target above 150,000

Daily level: direction upwards, currently experiencing a daily level rebound, with an upward target of around 120,000 to 130,000

4-hour level: direction upwards, it cannot be determined that this is a 4h level pullback as long as it stays above 104500

1-hour level: direction downwards, short-term continues to observe a 1h level pullback to the range of 105,000 to 106,000

15-minute level: direction upwards, watch the strength of the rebound here. If the strength is strong, it may still push up above 110,000.