Daily shares

Bitcoin broke through 117,500 this morning. From the observation point, the 4H upward movement is completely confirmed, so the first target above is around 120,000, and the second target is around 126,000, which is likely achievable.

In the recent market, the community has been actively bullish, with several long positions laid out in between. Especially for Ethereum, I firmly believe that Ethereum will continue to challenge 4,000; recent articles have indicated this. Currently, Ethereum is clearly stronger than Bitcoin. If it can successfully break through 4,107, then Ethereum is very likely to enter a trend to challenge the historical high of 4,800.

It is worth mentioning that there is a risk of a market correction in late August.

BTC medium to long term

Weekly:

The structure at the weekly level has not changed. It is currently undergoing the third upward movement at the weekly level, and the target is in the 150,000 to 200,000 range, expected to run until the end of January 2026.

Daily:

Daily level, currently undergoing the third upward movement at the daily level. The starting point for this third upward movement is 74,508 in April of this year. It is expected that there will be an opportunity to create a new high at the daily level, with an expected target around 126,000. Before the end of this month, there should be an opportunity to end this daily upward movement and then start a new daily correction, aiming for the 90,000 to 98,000 range. After the correction at the end of September or the beginning of October, the next daily upward movement is expected, targeting the 150,000 to 200,000 range.

4H:

4H level, 74,508 to 111,980 is the first 4H upward movement, 111,980 to 98,200 is the second 4H correction (note that the second 4H correction can also be viewed as a 4H central area, which we mentioned previously, so we won't elaborate on it further), 98,200 to 123,218 is the third 4H upward movement, and 123,218 to 111,920 is the fourth 4H correction. It is very likely that we are currently undergoing the fifth 4H upward movement.

In principle, this fifth upward movement at the 4H level starting from 111,920 can break 123,218, or it can create a lower high without breaking. However, considering the overall market, we tend to believe that Bitcoin may very likely create a new high around 126,000 before starting a daily correction.

BTC short term

Due to the fast changes in the market for short-term trading, this 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 use this information for reference only.

1H:

At the 1H level, it should still be undergoing the third upward movement at the 1H level, with an expectation to further reach around 120,000. After that, there will be a fourth 1H correction and a fifth 1H upward movement, so it is expected that this short-term upward movement will not end so quickly. If the structure is complex, there may be a consolidation at the 1H central area before continuing to extend upwards, rather than just completing five movements.

15M:

15-minute level, there should at least be one more 15-minute upward movement to challenge around 119,000 or 112,000. If it cannot continue to accelerate upwards afterward, it may need to undergo a 1H level correction before continuing to rise.

ETH

This upward movement at the 1H level should not have ended. The target above can continue to focus on the 4,000 to 4,100 range. At the 15-minute level, this 15-minute correction should be nearing completion, with a focus on the 3,850 to 3,900 range below. It is anticipated that there will still be another 15-minute upward movement to challenge 4,000.

Trend direction

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

Daily level: Direction is upward, currently undergoing a daily rebound. The target for this daily upward movement is around 120,000 to 130,000.

4-hour level: Direction is upward. It should currently be undergoing a 4H upward movement, with the first target at 120,000, and if broken, look for a historical new high.

1-hour level: Direction is upward, this 1H level upward movement should still go up further.

15-minute level: Direction is upward, another 15-minute upward movement is expected.