Daily Sharing
In yesterday's article, we expected a 1-hour downtrend for the big coin, and as expected, there was a certain amount of retracement. However, another day has passed, and the big coin has not fallen below 25000. Therefore, it is possible that a 1-hour consolidation will be formed here, followed by another decline. So, be patient and wait, as there are not many trading opportunities at the moment.
Regarding the current market situation, because the big coin is at the end of the first daily downtrend, we need to pay attention to the possibility of the big coin breaking 25000 again, possibly quickly recovering after a dip, and starting the second daily rebound. However, at the same time, we need to be cautious about the possibility of the current daily downtrend breaking below 24000 and accelerating. Both possibilities should be considered.
BTC
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:
On the 1-hour timeframe, the big coin is currently in a 1-hour downtrend. If it does not accelerate below 25000 today, there is a high probability of a 1-hour consolidation being formed here. Therefore, if it remains above 25400 tonight, there is still a chance for it to rebound to around 26000 tomorrow. Then, we wait for a segment of the consolidation to leave and for a decline to break below 25000. As shown in the image above.
15M:
On the 15-minute timeframe, it is possible that the 1-hour downtrend has already ended, and a reverse 1-hour rebound is currently underway, as indicated by the yellow arrow in the image above. Alternatively, there could be another 15-minute downtrend after this 15-minute rebound, in which case we should pay attention to the support around 25400. Overall, if it remains above 25400 tonight or early in the morning, there is still hope for another trip above 26000.
ETH
The structure of Ethereum also tends towards oscillating and forming a consolidation. If the next 15-minute downtrend does not break below 1600, then we should expect a 1-hour rebound tomorrow, with the upper resistance still around 1650 to 1660. After the consolidation oscillation is almost complete, we should continue to look for a segment of the consolidation to leave and for a continued focus on 1550 to the downside.
Trend Direction
Weekly timeframe: Downward direction, in the process of oscillating downtrend on the weekly timeframe
Daily timeframe: Downward direction, currently running a daily downtrend, with focus on support around 24000
4-hour timeframe: Downward direction, currently running the fifth 4-hour downtrend, with initial focus on the 24200 to 24800 range
1-hour timeframe: Consolidating, if there is no acceleration below 25000, then the probability of continuing to consolidate within the range is high. After the consolidation is almost complete, we will look for a break below.
15-minute timeframe: Downward direction, if the next 15-minute downtrend does not effectively break below 25400, short-term attention can be given to a 1-hour rebound, but it is not advisable to go long for the time being. Consider going short again after another rebound.
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The article is time-sensitive, so be mindful of the risks. The above is only personal advice and is for reference only!
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