Daily share

I need to go on a long trip, should be on the train in the afternoon, so I am writing this article early. If you have any questions, just message me.

PS: Recently, many have been plagiarizing my articles and scamming people for money, please do not fall for it.

Bitcoin failed to hold at 113,300 last night, and Ethereum also broke below 3,575, so this is experiencing a 1-hour downward move, which is within our consideration range. In the past two days, it was mentioned that if Bitcoin cannot break through 117,500 and Ethereum cannot break 3,740, there will be another 1-hour downward move to retest lower points. Therefore, it is normal to see a pullback here.

The 1-hour pullback is normally not over; let's observe during the day. Expecting another retest of a lower point should be about right. Leaning towards starting a new 4-hour upward move after the 7th, and see if it can break through the previous high.

Longs should hold on a bit longer, they should be able to wait for a nice upward move.

BTC short term

Due to the rapid changes in the market, the article can only make predictions based on the market situation at the moment of publication, short-term players should pay attention to the latest market changes, it is merely for reference.

1H:

1-hour level, normally, this 1-hour pullback should retest around 112,000 one more time, let's observe first. After another retest, as long as it doesn’t drop below 110,600, the next 4-hour upward move still has a certain probability of making a new high. So, for now, we can't be overly bearish on the market unless the 4-hour level pulls back and shows a second sell signal, then we can consider being bearish. Currently, it remains a low position to go long.

15M:

15-minute level, without breaking through 115,100 again, the short term is likely to have another 15-minute downward move, retesting around 112,000. If it breaks through, the 1-hour downward move may end early.

ETH

Ethereum should also be experiencing a 1-hour pullback, normally it should retest around 3,350 to complete a 4-hour pullback. However, if Ethereum is performing strongly and doesn’t even touch 3,450, we need to consider whether this is a 4-hour pullback. Let's observe further; the 15-minute level has already shown a 15-minute downward move, currently in the second 15-minute upward rebound, after which there will still be a 15-minute downward move to complete. Let's see the strength of the third 15-minute downward move.

After this 1-hour downward move completes, it is expected to continue pushing upward, then we will see if it can break through 3,941 again. Personally, I subjectively believe Ethereum will break through 4,100.

Trend direction

Weekly level: direction upward, currently experiencing a new upward movement at the weekly level, overall target looks above 150,000.

Daily level: direction upward, currently experiencing a daily rebound, with the target for this daily rise around 120,000 to 130,000.

4-hour level: direction upward, likely to retest a lower point one more time before starting a new upward movement at the 4-hour level, with the first target at 120,000, and looking for new highs beyond that.

1-hour level: direction downward, the current 1-hour pullback is normal and can go up a bit more before starting the next 4-hour upward move.

15-minute level: direction downward, normally there should still be another 15-minute downward move, unless it breaks through 115,100 again.