Daily share

In yesterday's article, we mentioned that Bitcoin might undergo a 1-hour level pullback extending down to below 116950. As long as it does not break below 115700, there will still be a 1-hour upward movement to continue pushing above 120,000. An interesting scene occurred during the Federal Reserve's monetary policy meeting early this morning, where Bitcoin dipped to 115796 and then rebounded directly, indicating that the market held strong at the key position of 115700.

In the recent 10 days of market movements, everyone has actually found it quite difficult to trade. In terms of spot trading, Bitcoin has been continuously fluctuating, and altcoins have experienced some degree of decline, leading many retail investors to feel very conflicted. On one hand, they tend to believe that Bitcoin and altcoins will rise again and want to hold their positions. On the other hand, they are worried that Bitcoin and Ethereum might have reached a temporary peak and that a significant correction could lead to continued losses in their holdings, leaving them torn about whether to sell. In terms of contracts, this ongoing range fluctuation is difficult for most people to manage, including myself, as it's hard to effectively sell high and buy low in such a volatile environment. Meanwhile, short-term positions often feel like a rollercoaster, testing people's patience.

But I personally believe that the overall market still has the opportunity for another rise, and there is currently no signal indicating that the rise has ended, so it might be better to continue being optimistic.

BTC short-term

Due to the rapid changes in the market, the 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, and this should only serve as a reference.

1H:

At the 1-hour level, the current trend structure is quite clear. The pullback from the day before yesterday to yesterday at the 1-hour level did not break below 114723, and a second buy occurred without breaking our observed key level of 115700. So this should be a new upward movement at the 1-hour level. We need to closely monitor the strength of this 1-hour upward movement to see if it breaks through 121000. If it does, that would be the true upward movement out of the 1-hour center segment we expected, with an upper target around 126000.

Currently, the 1-hour upward movement has not ended and should at least run until tomorrow morning, so we continue to look for upward movement and patiently wait.

15M:

At the 15-minute level, we are looking to see if there will be a 15-minute level pullback. If it occurs, there will still be a third upward movement at the 15-minute level, with a focus on whether this third upward movement accelerates. If it's strong, it might just be a 5-minute level pullback before continuing to extend this 15-minute upward movement.

ETH

At the 1-hour level for Ethereum, it is currently in the process of running the third upward segment out of the 1-hour center. This 1-hour upward movement should be able to push towards the 4000 mark; it depends on the strength after the breakout.

At the 15-minute level, a first upward movement at the 15-minute level has occurred, and it is currently possible that a second 15-minute level pullback is underway. After that, there will still be a third upward movement at the 15-minute level, with a focus on the strength of the third movement.

Trend direction

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

At the daily level: Direction is upward, currently undergoing a daily rebound, with the target for this daily upward movement around 120,000~130,000.

At the 4-hour level: Direction is upward, with the 4-hour upward movement ongoing, possibly exceeding the expected 125,000.

At the 1-hour level: Direction is upward, currently looking at a new 1-hour upward movement. Can this break through 120,000?

15-minute level: Direction is upward, and there will still be a third upward movement at the 15-minute level.