Market analysis on December 21st, focusing on the rebound of the 4-hour level of Bitcoin, paying attention to the strength of the rebound.

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2 years ago

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Yesterday, my computer malfunctioned, so I didn't update. I took it for repair today, but it's not fixed yet. I'm using an old computer for now.

After breaking through 43500 yesterday, BTC has basically confirmed the end of the previous 4-hour downtrend, and is now rebounding from 40542 at the 4-hour level. The strength of this 4-hour rebound needs to be observed to see if it can break through 44700 and reach around 46000. Of course, if it fails to break the new high, we need to pay attention to the possibility of a short-term double top.

The overall upward trend at the weekly level has not been completed. Currently, the focus is on whether this is still an extension of the daily uptrend and the upward strength.

BTC Short-term

Due to the rapid changes in the market, 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 as a reference only.

1H:

At the 1-hour level, the previous 4-hour downtrend has completed three waves, and the third wave did not break the low point of the first wave, reaching a low of 40542, indicating relative strength. Currently, a new 4-hour rebound is underway, and it is the first 1-hour rebound from 40542. If it fails to break through 44500, we may see a 1-hour pullback tomorrow. The short-term support is around 42500, and we need to focus on the strength of the third 1-hour rebound to see if it continues to make new highs.

15M:

At the 15-minute level, the current 1-hour rebound has completed 5 waves internally, and there is some divergence in strength. We need to observe further. If the short-term falls below 43500, we may see a 1-hour pullback. The support below is around 42500, and there is minor resistance around 44500-44700.

ETH

At the 15-minute level, the yellow arrows indicate the structure of the 1-hour rebound. Currently, we need to observe the short-term strength. If it fails to stay above 2280, it may tend to have a 1-hour downtrend. The support below is at 2170, and we need to see if the next 1-hour rebound can break through 2340.

Trend Direction

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

Daily Level: Upward, likely to continue extending. If there is a daily pullback, the price needs to fall below 40500.

4-hour Level: Upward, short-term looking for a 4-hour rebound, focusing on whether it will make a new high.

1-hour Level: Upward, structurally may have a 1-hour downtrend, first focusing on the resistance at 44500.

15-minute Level: Downward, if the next 15-minute pullback breaks 43500, then look for a 1-hour pullback.

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

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