Daily sharing

The major coin here has already experienced a 1-hour level pullback that started from 119,800 the day before yesterday, forming 3 structures at the 15-minute level internally. The fundamental structure of the 1-hour pullback has been established, and it has reached the range we expected yesterday of 116,000~117,000. However, it is uncertain whether there will be a downward extension here; we can observe and see.

It is expected that after this 1-hour level pullback is completed, it should start a new 1-hour level rise to break through 123,000. If this upward movement materializes, the overall daily or 4-hour level rise could end at any time, beginning a phased pullback.

Currently, the major coin Ethereum's pullback is not large, but many altcoins are experiencing significant declines again, which completely aligns with our previous expectations. Back in early July, we mentioned that for altcoins, we are only looking at oversold rebounds, not reversals. Do not have too high expectations for the altcoin season. If there is an altcoin season, it will only appear at the end of this year, not now.

BTC short-term

Due to the rapid changes in the market, the article can only make predictions based on the market conditions at the time of release. Short-term players should pay attention to the latest market changes; this is merely for reference.

1H:

1-hour level, currently uncertain if the 1-hour level pullback has ended. In the short term, it is possible that it will retest 116,000~117,000 again, forming a downward extension at the 1-hour level. It is expected that the 1-hour level decline here is almost done; as long as it does not break below 115,700, there will still be a rebound at the 1-hour level to reach above 123,218 to complete the 4-hour or daily level rise.

15M:

15-minute level, currently, it has already formed three up and down movements internally. Today during the day, it formed the fourth 15-minute level rebound. Now we observe whether it will form the fifth decline to break below 116,950.

ETH

Ethereum is currently undergoing a 1-hour level decline. The probability of forming a 1-hour level central range here is relatively high. We will see if the next 1-hour level central range can break out and push towards around 4,000.

15-minute level, see if it will extend a 1-hour level decline again, retesting around 3,700 or 3,670. Normally, this 1-hour pullback should be almost done, focusing on whether it will have another 1-hour rebound to around 4,000 in the next couple of days.

Trend direction

Weekly level: Direction up, currently undergoing a new weekly level rise, with the overall target looking above 150,000.

Daily level: Direction up, currently undergoing a daily rebound, with the daily upward target around 120,000~130,000.

4-hour level: Direction up, 4-hour level rise in progress, may exceed the expected 125,000.

1-hour level: Direction down, the short-term is experiencing a 1-hour level pullback. As long as it does not fall below 115,700, there will be a subsequent 1-hour level rise to reach new highs.

15-minute level: Direction down, see if it breaks below 117,000 again.