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Bitcoin has started a 1-hour level rebound from 100372 the day before yesterday. Although the trend is quite strong and has bounced back, this 1-hour level rebound has not been able to break through 106600. Therefore, I personally think it should undergo a 1-hour level decline. From an objective perspective, we need Bitcoin to break below 103900 to confirm the 1-hour level decline; otherwise, we still need to be aware of the possibility of a short-term consolidation central pivot before extending upward.

If Bitcoin's 1-hour level decline occurs here, the lower level should still focus on 100,000. If it breaks below, then look at the range of 95,000 to 100,000. Until it breaks below, pay attention to whether a secondary buy occurs.

BTC

Due to the rapid changes in the market for short-term trading, 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 sixth rebound structure of the 1-hour level has already formed. The upper level still failed to break through 106600, so there is a probability that a 1-hour central pivot with three sells will occur here. If the subsequent 1-hour level decline successfully occurs, pay attention to whether it breaks below 100372 for a buy or not breaking 100372 for a secondary buy.

Currently, it is expected to undergo a 1-hour level decline, with a focus on the strength of this 1-hour level decline. Some people say that after the decline the day before yesterday, it bounced back up again, can it still go down? From a probabilistic perspective, going down again is quite normal, as we have often encountered this before.

15M:

At the 15-minute level, there are two scenarios to consider. The first is that the current 15-minute level decline directly breaks 103900, leading to a 1-hour level decline, as indicated by the white arrow in the image above. The second is that the current 15-minute level decline does not break below 103900, then short-term consolidation of a 15-minute level central pivot may occur before pushing up to 106000, extending the 1-hour level rebound, as shown by the green arrow in the image above.

Which specific scenario depends on whether it accelerates downwards.

ETH

In Ethereum, there is a 4-hour level decline. Personally, I believe there is a high probability of a fifth 1-hour level decline breaking below 2380. The specific trend can be observed over the next couple of days.

At the 15-minute level, the previous third 1-hour level decline from 2679 to 2381 has an internal structure that is non-divergent. However, the short-term 1-hour level rebound is actually a small to large trend. As shown by the white arrow in the image above, the 1-hour rebound has completed three structures of the 15-minute level, so the 1-hour level rebound can actually end here.

Currently, we can observe the strength of the 15-minute level pullback here. If Ethereum continues to decline and breaks below 2460, it indicates that it is already undergoing the fifth 1-hour level decline, as shown by the green arrow. If the short-term pullback does not break below 2460, then we need to observe whether a 15-minute level central pivot is being constructed before extending upward.

Trend direction

At the weekly level: the direction is upward, currently undergoing a new weekly level increase, with an overall target looking above 150,000.

At the daily level: the direction is upward, currently undergoing a daily rebound, with the daily upward target around 120,000 to 130,000.

At the 4-hour level: the direction is downward, and the 4-hour level pullback is currently supported around 100,000, but it is still uncertain whether the 4-hour decline has ended.

At the 1-hour level: the direction is downward, waiting for the 1-hour level decline to occur, focusing on the strength of the decline.

At the 15-minute level: the direction is downward, first check whether it breaks below 103900. A break confirms the 1-hour level decline.