Daily Sharing

Bitcoin is currently oscillating and has formed a 15-minute level consolidation, running a 1-hour downtrend. Therefore, the key levels to watch are 37000~36800. If broken, it will likely lead to a 4-hour or daily downtrend. Therefore, I don't think it's necessary to go long on Bitcoin at the moment, as the risk outweighs the opportunity.

However, for Ethereum, the daily structure is completely different from Bitcoin, so there is still a good chance of breaking below 2140.

BTC Short-term

Due to the rapid changes in the market, this article can only make predictions based on the market conditions at the time of publication. Short-term players should pay attention to the latest market changes and use this information as a reference only.

1H:

At the 1-hour level, the current structure has changed, and the rebound from 35632 to 38414 is no longer visible. Currently, there is a 1-hour downtrend starting from 38414. We need to watch if 37000 can hold. If it does, there will be another 1-hour rebound. If it breaks below 36800, the next rebound will likely not surpass 38414, indicating a 4-hour downtrend.

Based on the changes in relevant levels, consider the corresponding short-term strategies. Regardless of whether it follows the white or yellow arrow trend, I believe it is more appropriate to consider shorting based on whether the next 1-hour rebound shows a secondary sell signal.

15M:

At the 15-minute level, there is currently a 15-minute consolidation leaving a downtrend, as indicated by the white arrow in the image. If the retracement here is not deep and the next 15-minute rebound breaks above 37677, it will confirm a 1-hour rebound.

If the retracement directly falls to 37000 or breaks below it, we need to watch if the next 15-minute downtrend shows a third sell signal, indicating a continued downtrend without returning to 37677.

ETH

The daily rebound structure of Ethereum is different from Bitcoin. Bitcoin's daily rebound has already formed 7 4-hour level structures, while Ethereum has only completed three. It has not yet surpassed the high point of the first 4-hour rebound at 2136. Therefore, there is a certain probability of another upward movement for Ethereum.

We need to observe whether Bitcoin confirms a 4-hour downtrend. If it does, Ethereum's 4-hour rebound here still has the possibility of further extension. If Bitcoin is already in a 4-hour downtrend, Ethereum will likely follow, but it may continue to create new highs even after completing the 4-hour downtrend.

In short, it's hard to say whether Bitcoin will break the previous high point in the next rebound, but Ethereum still has a good chance of reaching new highs.

Therefore, if you want to short at a high level, it is not recommended to short Ethereum for now. If you want to go long, Ethereum may be a priority for consideration at the moment.

For Ethereum's 4-hour rebound, we can see that the strength of the third 1-hour rebound is greater than the first one, so if the fourth 1-hour retracement falls below 2020, there is a high probability of a fifth 1-hour rebound above 2140.

Trend Direction

Weekly Level: Upward, currently continuing the weekly rebound from 15476, waiting to see the subsequent daily trend.

Daily Level: Upward, the daily rebound from 24900 is reaching its end.

4-hour Level: Upward, the 4-hour rebound is almost over, waiting for confirmation by breaking below 36800.

1-hour Level: Downward, the current 1-hour downtrend. If it doesn't break 37000, the next 1-hour rebound may still move higher.

15-minute Level: Downward, pay attention to the strength of the downward movement.

Feel free to follow my public account for further discussion and exchange:

The article is time-sensitive, so be aware of the risks. The above is only personal advice and is for reference only!

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