Market Sentiment:
Chart Structure:
Bitcoin:
The structure of Bitcoin on the 1-hour chart. Currently, the structure of Bitcoin on the 1-hour chart has experienced a pullback without breaking through the upper edge of the center. Therefore, there is a probability of a 1-hour three-buy opportunity. As long as it does not fall below 26000, there should be no major issues. Personally, I expect the third wave on the 1-hour chart to reach the range of 27000-27500. Anything beyond that will be relatively important resistance. Currently, there are no signs of breaking through significant resistance, so more observation and waiting are needed.
The structure of Bitcoin on the 15-minute chart. Currently, Bitcoin can be seen to have completed a three-wave decline on the left side of the 15-minute chart, ending a 1-hour decline and now starting a new 1-hour uptrend. Currently, the strength of the first 15-minute uptrend is quite good. Therefore, it is highly probable that it will continue to challenge the new high position, to see if it can reach the range of 27000-27500.
Ethereum:
The structure of Ethereum on the 1-hour chart. The trend structure of Ethereum depends on whether it can break through the 1-hour center. As mentioned yesterday, Ethereum is still oscillating within the center. If there is an adjustment, it will probably be near the lower edge of the center. Now, let's see if the third wave on the 1-hour chart can break through the center. If it does, the market may continue for a while. Of course, without the premise of incremental funds, it is unlikely to see a surge in behavior.
Trading Strategy:
Invest with caution. This article is not intended as a basis for trading.
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