On April 22nd, the market analysis shows that Bitcoin rebounded on the 1-hour timeframe and extended its gains. It is advisable to consider adding to short-term positions during a 1-hour pullback.

CN
1 year ago

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Bitcoin (BTC) has continued its rebound on the 1-hour timeframe today. The pullback last night did not drop below 64,200, and Ethereum (ETH) also remained above 3,100. Therefore, it has broken through again today, as expected.

Currently, the first rebound on the 1-hour timeframe of Bitcoin has reached around 66,000 to 67,000, as expected in our previous article. Ethereum is approaching 3,250. The current rebound on the 1-hour timeframe is in line with our expectations, and it should still be feasible following the direction outlined in the article.

It's worth mentioning that in predicting market trends in advance, there will always be times when judgments are inaccurate. No one can win every battle. Some people remain silent when others' predictions are correct, but start criticizing when they are wrong. In trading, it's important to maintain a good mindset as the market is always changing. No one can always foresee the market in advance. Our predictions are mainly based on existing trends and some objective structural rules, so it's normal for judgments to be right or wrong.

BTC

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

1H:

BTC 1H

On the 1-hour timeframe, the first rebound has extended to 66,479. It's still uncertain whether this 1-hour rebound has ended. If the internal 15-minute pullback remains above 65,400, there should be another 15-minute rebound towards 67,000. If the pullback drops below 65,400, it confirms the start of the second 1-hour pullback within the 4-hour rebound. Pay attention to the 63,500 to 64,000 range for the second pullback. After the second pullback, there will be a third 1-hour rebound towards 69,000.

15M:

BTC 15M

On the 15-minute timeframe, if the 15-minute pullback does not drop below 65,400, there is a high probability of another 15-minute rebound towards 67,000 or above. If it drops below 65,400, Bitcoin is likely to start a 1-hour pullback.

ETH

ETH

For Ethereum, it's necessary to observe whether the 1-hour rebound has ended and whether it drops below 3,150. If a 1-hour pullback occurs in the next few days, pay attention to around 3,050. Similarly, after the second 1-hour pullback, there will be a third 1-hour rebound towards above 3,500.

Trend Direction

Weekly timeframe: Upward direction, currently continuing the rebound from 15,476. Pay attention to the subsequent daily timeframe for when it might end.

Daily timeframe: Upward direction, there is a certain probability that the daily pullback has ended, but it's currently uncertain. It can only be judged based on the strength of the 4-hour rebound in the near term.

4-hour timeframe: Upward direction, currently undergoing a 4-hour rebound. Whether it can break through 70,500 will become an observation point for the daily structure.

1-hour timeframe: Upward direction, continue to pay attention to above 67,000. If it drops below 65,400, it's considered the start of a 1-hour pullback.

15-minute timeframe: Upward direction, another 15-minute rebound will occur if it remains above 65,400.

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

Public Account

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

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