Daily Share

Bitcoin has currently completed a 1-hour level correction, with an internal structure of three 15-minute level structures, but it cannot be confirmed whether the 1-hour level correction has ended. The focus is still on the strength of the short-term rebound.

The daily level peak formation has appeared, and it is currently inclined to believe that Bitcoin is very likely undergoing a 4-hour level correction. Therefore, if a 1-hour level rebound occurs in the short term, we can continue with a short position.

BTC

Due to the rapid changes in the market for short-term trades, this 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 be used as a reference.

1H:

At the 1-hour level, the structure of the current 1-hour level correction has already formed here, but we are unsure whether this 1-hour level correction has ended. Therefore, the focus is on whether the 15-minute level rebound will break through 109500. If it breaks through, look for a 1-hour level rebound to around 111000; if it does not break, the 1-hour level decline may still extend.

15M:

At the 15-minute level, three lower and upper structures have already formed. The 1-hour level correction can end, but it cannot be confirmed. In the short term, we are looking for a 15-minute level rebound. If the rebound breaks through 109500 again, then this is already a 1-hour level rebound, as indicated by the white arrow in the above image, aiming for around 111000.

If the 15-minute level rebound cannot break through 109500, then this will form a 15-minute level range, and continue to extend the 1-hour level decline, as shown by the green arrow in the above image.

ETH

Ethereum is the same; the 1-hour level decline structure has already formed here. In the short term, we are looking to see if there will be a 1-hour level rebound. Considering the possibility of continued downward extension in the 1-hour level decline, we need to observe the strength of the short-term 15-minute level rebound. If the 15-minute level rebound can break through 2577 again, then we look for a 1-hour level rebound to around 2630, as shown by the green arrow in the above image.

If the 15-minute level rebound does not exceed 2577, then it is necessary to pay attention to the possibility of continuing to extend downward to around 2430, as indicated by the yellow arrow.

Trend Direction

Weekly level: Direction upward, currently undergoing a new weekly level rise, with an overall target above 150,000.

Daily level: Direction upward, currently undergoing a daily level rebound, with a target for this daily rise around 120,000 to 130,000.

4-hour level: Direction upward, if it remains above 104500, it cannot be confirmed that this is a 4-hour level correction.

1-hour level: Direction upward, first see if there can be another 1-hour rebound to around 111000 from Monday to Tuesday.

15-minute level: Direction upward, if it breaks through 109500 again, there is a probability of a 1-hour level rebound. Before the break, be aware that it may extend downward again.