Daily share

Bitcoin fell below 117,900 last night, so currently we are looking at a 1h level pullback, while Ethereum is also undergoing a 1h level pullback. Although the short-term is experiencing a 1h level pullback, the overall upward trend is still in a state of continuation, and after the pullback, it will continue to push for new highs.

Some people may ask, sir, it has been oscillating here for half a month, never stabilizing above 120,000, and it looks like it may peak and continue to decline. Why do you firmly believe that Bitcoin will make another push for a new high? From a comprehensive analysis from multiple aspects, I believe that the probability of Bitcoin making another historical high is greater, and it should currently be regarded as a continuation of the upward trend. I am inclined to believe that after one more push, it may end this daily level rise.

BTC

Due to the rapid changes in the market, 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 be taken as a reference.

1H:

1h level, currently in a 1h level pullback. This pullback is normally not finished yet and can still go down further, with expectations to focus on the range of 116,000 to 117,000. After the pullback, as long as it does not fall below 115,500, there is a high probability of continuing to move upward for a 1h level rise towards above 123,000. The expectation is that the next 1h level rise should accelerate upward.

15M:

15-minute level, normally there should still be a need to have another 15-minute level decline to retest below 117,000 before starting the next 1h level rise.

ETH

Ethereum here tends to be consolidating the third 1h level center. Currently, if this 1h level decline starting from 3941 breaks below 3731, it can end at any time, with targets below focusing on around 3700 or 3650. Once this 1h level decline is completed, there is a high probability of a rebound in the 1h level, leaving the center and pushing again above 4000. As for breaking through 4000, whether it will continue to break above 4107 needs to be observed as we go.

Trend direction

Weekly level: Direction is upward, currently in a new weekly uptrend, with an overall target looking above 150,000.

Daily level: Direction is upward, currently in a daily rebound, with the daily upward target around 120,000 to 130,000.

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

1-hour level: Direction is downward, short-term experiencing a 1h level pullback, and after the pullback, continue to look for a breakout above 120,000.

15-minute level: Direction is downward, normally there should still be a 15-minute level decline.