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Bitcoin's 1h level rebound has reached our expected area near 106,000, and the internal structure is almost complete. It might go for another 15-minute level rebound to around 106,500 or 107,000. It is expected that tomorrow will see the next wave of 1h level decline, with the next decline target focusing around 100,000.

Ethereum's current 1h level rebound structure has not yet completed; we will observe further to see if it can push another wave towards 2550 in the early morning. If it does, then the 1h rebound structure is considered completed; otherwise, this still represents the extension of the first wave of 1h level decline.

BTC

Due to rapid market changes, this article can only make predictions based on the market changes at the time of publication; short-term players should pay attention to the latest market changes, which should only serve as a reference.

1H:

1h level, the current structure is actually quite clear; the fourth wave of the 1h level rebound has been completed. This rebound can end near today’s high of 105,935 or slightly break above 106,000 to finish. In the short term, pay attention to whether 103,600 breaks; if it does, then the 1h level rebound here is very likely to end, and we should continue to watch for the running of the fifth wave of 1h level decline, with expectations for the fifth decline reaching around 100,000.

15M:

At the 15-minute level, it looks like the 1h rebound may have ended here. Specifically, observe the position at 103,600; if it doesn’t hold, then we look for the fifth wave of 1h level decline, as indicated by the yellow arrow. If it can hold, there should still be another 15-minute level rebound pushing back up towards 106,500.

ETH

Ethereum's current 1h level structure is temporarily out of sync with Bitcoin. Bitcoin has successfully completed a 1h level rebound, while Ethereum has not yet done so. For Ethereum to achieve a short-term 1h rebound, it needs to not fall below 2468 temporarily and push upwards towards 2550; only then can it be considered to have completed a 1h level rebound. Otherwise, if it continues to decline and breaks below 2468, it indicates that Ethereum is still in the extension of the first wave of 1h level decline within the 4h level decline.

So here we can only observe further; it is not very suitable to directly chase a short position.

Trend direction

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

Daily level: Direction up, currently undergoing a daily level rebound, with an upward target of around 120,000 to 130,000.

4-hour level: Direction down, currently in a 4h level correction; overall, focus on around 100,000.

1-hour level: Direction down, the fourth wave of the 1h level rebound is almost done; the fifth wave of the 1h level decline is expected tomorrow or the day after.

15-minute level: Direction down, short-term observe 103,600.