Daily sharing

Since May 23, regarding Bitcoin's third daily-level rise starting from 74508, our target has consistently been to see the range of 120,000 to 130,000, and we have successfully reached that range.

Everyone should see from the trend direction section of our articles that in the last two months, 'the daily-level upward target is 120,000 to 130,000, and the weekly upward target is above 150,000.' The overall direction and target have remained unchanged. Every day's article reflects this direction and target, indicating that we can accurately grasp the larger trend. The only thing that has been changing is the short to medium-term trends on the 4-hour, 1-hour, and 15-minute levels.

From the short-term trend, Bitcoin still has the momentum to continue rising, so the overall daily-level uptrend has not ended. We need to remain bullish until a top signal appears.

In yesterday's article, we mentioned that Bitcoin should continue to surge to 120,000 or above in the short term, and the trend perfectly materialized. Currently, let's observe whether this 1-hour rise has ended. If it has, there may be a 1-hour retracement on Tuesday or Wednesday, and after the 1-hour retracement completes, there will still be a 1-hour rise continuing to set new highs.

BTC short-term

In the short term, due to rapid market changes, the article can only make predictions based on market changes at the moment of publication. Short-term players should pay attention to the latest market changes, which are merely for reference.

1H:

On the 1-hour level, Bitcoin is still in the upward segment of the 1-hour rise shown in the chart. This 1-hour rise from 107429 to 123218 has achieved a 15% increase, indicating that this rise is a main upward wave.

In the short term, it is still uncertain whether this 1-hour rise has ended; it may continue to extend upward. It is not recommended to short at the peak here, as there is no pressure above. The rise will depend entirely on the market. Although we previously set a target of 125,000, we cannot accurately determine if this is the peak or if it might surge to 130,000. Therefore, without a top signal appearing, shorting still requires caution.

Some people missed the opportunity and feel very unhappy, wanting to short at a peak to prove their ability. I've had this mindset before, and many of you may have similar thoughts, but in actual market situations, shorting at the highest point is really not as effective as shorting just above the second-highest point. The second-highest point is much more reliable and offers greater profit.

That said, the overall rise has not ended; it is still safer to go long at lower levels. If there is a 1-hour retracement in the next day or two, it is estimated that it will likely retrace to around 118,000 or 117,000; going too low is currently somewhat challenging.

After the retracement, there will still be a continuation of an upward 1-hour rise or a consolidation of a 1-hour central area.

15M:

On the 15-minute level, it is expected that the 1-hour rise may continue to extend upward. Currently, it has risen from 107000 yesterday to above 113000, marking a rise that is part of a 15-minute central departure segment. This rise is still quite strong, so it is expected that there may be a 15-minute retracement in the short term. As long as it does not drop below 118600, there will still be a continuation of a 15-minute level third buy extending upward.

Where can it go above? First, pay attention to the range of 124,000 to 126,000.

ETH

Ethereum has formed a 1-hour retracement structure over the weekend. Currently, it is undergoing a new 1-hour rise. Our VIP group reminded members to long Ethereum around 2920 and 2940, taking it up to above 3050, securing a profit of over 100 points.

Currently, let's observe whether it continues to rise here, looking to see if it can touch around 3100. In the short term, if the 15-minute level retracement does not break below 2960 again, it should extend upward towards 3100. If it breaks, we will look for a 1-hour retracement back to around 2900. The overall target for Ethereum at 3400 remains unchanged, and it will continue to rise.

Trend direction

Weekly level: direction is upward, currently undergoing a new weekly-level rise, with the overall target looking at above 150,000.

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

4-hour level: direction is upward, the 4-hour rise is ongoing and may exceed the expected 125,000.

1-hour level: direction is upward, there is still potential for further extension on the 1-hour level, but it is expected that there will be a 1-hour decline in the next day or two.

15-minute level: direction is upward; in the short term, there may be a 15-minute level retracement, pay attention to the strength.