Market analysis on March 2.3rd: Bitcoin is oscillating at a small scale, waiting for a confirmation signal of the end of the rebound at the 4-hour level.

CN
2 years ago

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The trend of Bitcoin here is quite tortuous. The rebound at the 1-hour level has actually emerged, but the short-term 15-minute level looks like it is building a consolidation zone. Therefore, it is necessary to observe whether the rebound at the 1-hour level extends.

The overall rebound at the 4-hour level is not yet complete, lacking confirmation. In other words, it is somewhat unclear whether the rebound at the 4-hour level will stop at 43882. At present, it can only be said that there is a certain probability of another surge, but it is still uncertain. What we can be sure of is that it is very difficult for Bitcoin to break through 48969 at the current 4-hour rebound, and there is a high probability of a subsequent 4-hour decline breaking through 38555.

Therefore, the market always exists in a combination of certainty and uncertainty.

BTC

Due to the rapid changes in the market in the short term, the article can only make predictions about the market changes at the moment 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 rebound from 41884 is uncertain whether it will extend further upwards. Based on the current structure, there should still be hope for a surge to 44000, as it is currently holding above 42900, providing short-term upward momentum. It is advisable to observe patiently. Regardless of whether there will be another surge here, it is expected that a new 4-hour level decline will emerge soon.

15M:

At the 15-minute level, there is currently oscillation within the 15-minute level consolidation zone. As long as it does not fall below 42700, there is still hope for another 15-minute level rebound towards 43500, above which attention should be paid to 43500 and 44000.

Of course, if it falls below 42700, there is a high probability of a new 1-hour level decline.

ETH

In the short term, Ethereum is also oscillating within the 15-minute level consolidation zone, holding above 2280 in the short term. There is still hope for another 15-minute level rebound to test 2350, but if it falls below 2280, then a new 1-hour level decline is expected, as indicated by the green arrow.

Trend Direction

Weekly Level: Upward, currently a continuation of the weekly rebound from 15476, with attention to subsequent daily trends.

Daily Level: Downward, currently undergoing a daily pullback, expected to last until the end of February or early March.

4-hour Level: Upward or downward, if it remains above 42700 for the time being, there is hope for further upward movement.

1-hour Level: Upward, currently observing whether the 1-hour level rebound will reach 44000.

15-minute Level: Upward, as long as it does not break 42700, there is still hope for another 15-minute level rebound.

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

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

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