Market analysis for August 12th: waiting for the completion of the 1-hour rebound of the big cake, paying attention to whether there is a divergence.

CN
2 years ago

Daily Sharing

In the past few days, the rebound of BTC at the 1-hour level started from 37500, and it rarely formed a strong upward trend with 3 consolidations, achieving a space of 7000 US dollars in the 1-hour rebound, which is indeed strong. When BTC rebounded to around 44500, it finally ended the nearly 5-day 1-hour level rebound, thus initiating a reverse 1-hour level decline. Yesterday, we mentioned that BTC could be observed around 43000, and if it doesn't hold steady, it might go to the 42500-43000 range. Currently, the lowest has reached 42821, meeting our expectations.

Currently, we are waiting for BTC to show the strength of the 1-hour level rebound. If the strength is not significant, we need to pay attention to the possibility of a reverse 4-hour level pullback or the end of the daily rebound.

BTC Medium and Long Term

Daily:

BTC Daily

The rebound at the daily level is still extending, rising from 24900 to 44500, an increase of nearly 20000 US dollars. It is currently uncertain when this daily rebound will end. If we want to be cautious, we can wait a bit longer for more signals from the market. However, I am currently more inclined to think that the 4-hour level rebound is about to end, so next, I believe we should consider when the 4-hour level pullback will occur.

4H:

BTC 4-Hour

At the 4-hour level, the current 4-hour level rebound is still lacking a successful 1-hour level rebound. If it occurs, there should be an opportunity for a 4-hour level pullback. Then, based on the strength of the 4-hour level pullback, we can further judge whether the daily rebound has ended.

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:

BTC 1-Hour

The current 1-hour level rebound of BTC should normally go to around 44000. So, currently, we can observe and, after reaching around 44000, we can further observe whether it will continue to break the new high of 44500 for a sell signal, or not break the new high for a second sell signal.

In the short term, we can see that the current BTC rise is somewhat weak, possibly due to funds moving to Ethereum. Therefore, we need to pay attention. If funds cannot return to BTC, then a 4-hour level pullback may be necessary.

If the 1-hour rebound of BTC continues to break new highs, the first thing to consider is whether to construct a 1-hour consolidation to continue the extension. If it breaks the previous low point of 42821 from the first pullback, it is highly likely that it will not construct a consolidation and will directly go for a 4-hour decline.

15M:

BTC 15-Minute

At the 15-minute level, the rebound is still lacking a bit of time and space. If it can break below 43925, it will also be considered a standard 1-hour level rebound, but currently, it is slightly lacking. We can continue to observe. If it stabilizes above 43450, it should still be able to go up to around 44000 or continue to break new highs. If 43450 does not hold steady, it may further decline and break 43000.

ETH

ETH

The structure of Ethereum's movement is quite clear. The current consolidation has led to a 1-hour level rebound. Under normal circumstances, as long as it stays above 2300, there should be another 15-minute level rebound to create a new high. If it falls below 2300, it is very likely to go for a 1-hour level decline.

At the 1-hour level, we can completely use the current 1-hour consolidation to judge whether a 4-hour level pullback will occur. If the 1-hour pullback falls below 2270, it can be considered that Ethereum is likely to go for a 4-hour level pullback. If it does not fall below, there is still a possibility of further upward extension.

Trend Direction

Weekly Level: Upward direction, currently an extension of the weekly rebound from 15476, waiting to see when it will end, pay attention to the subsequent daily level situation

Daily Level: Upward direction, still extending, waiting for other signals to appear

4-Hour Level: Upward direction, the 4-hour level rebound may still lack a 1-hour level rebound

1-Hour Level: Upward direction, currently observing whether the 1-hour level rebound will break new highs

15-Minute Level: Upward direction, if it stays above 43450, it should at least go to around 44000

Feel free to follow my public account for discussions and exchanges:

Public Account

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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