Daily Sharing
In the recent market analysis, we mentioned the need to pay attention to 42821. If it falls below, at least a 4-hour level pullback is expected. Currently, Bitcoin has successfully fallen below, so the current 4-hour pullback is in progress and has not ended. The main support below is at 39800-40000. If this support is breached, then we need to look for a daily level pullback.
Personally, I have opened three short positions near 44100 and 44300. I have been quite busy these days and have not paid much attention. The community only indicated a downward trend in the market without directly calling for short positions. This is because the recent fluctuations made it difficult to determine whether a 4-hour pullback was underway.
From the trend structure, after a short-term rebound, there will be another downturn, so it's best to be prepared in advance. For altcoins, if Bitcoin is only undergoing a 4-hour pullback, then altcoins may still show strength. If Bitcoin undergoes a daily pullback, most altcoins are likely to experience a significant drop.
A relatively good way to participate is to wait for the Bitcoin 4-hour pullback to almost complete, then participate in a short-term rebound in spot and long positions, and then wait for the Bitcoin daily pullback to almost complete to position for the next overall uptrend opportunity.
BTC
Due to the rapid changes in the market, this article can only make predictions based on the market situation 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 first 1-hour downward movement within the ongoing 4-hour level decline is currently in progress. This 1-hour downward movement is likely not yet complete and may retrace to around 41000 or the 41000-40500 range. The support near 40000 should be able to hold up the first 1-hour downward movement. After that, there may be a second 1-hour rebound towards 42500, followed by a third 1-hour downward movement. At that time, pay attention to the support near 40000, and if it breaks, look towards 38800.
15M:
At the 15-minute level, the current decline does not show divergence, so there may be another retracement to around 31000, as indicated by the yellow arrow. Alternatively, there may be consolidation around the midpoint of the second 15-minute level, followed by another decline.
Resistance near 43000. If it breaks through, look for a 1-hour level rebound, but there may be further decline afterwards.
ETH
Due to Ethereum breaking below the upper boundary of the previous consolidation at 2270, the three-buy pattern for Ethereum has disappeared. Currently, we need to look for a 4-hour level pullback, and it is currently the first 1-hour level pullback. In the short term, the resistance for a 15-minute level rebound is near 2270, and there may be another 15-minute level decline retracing to around 2130. Then, there may be a second 1-hour level rebound towards 2300, followed by a third 1-hour level downward movement.
Trend Direction
Weekly Level: Upward, currently a continuation of the weekly rebound from 15476. Pay attention to the subsequent daily level situation for when it might end.
Daily Level: Upward, look for a daily level pullback if it falls below 39970.
4-hour Level: Downward, currently focusing on the 40000 and 38800 levels for the 4-hour level decline.
1-hour Level: Downward, focusing on 31000 or 30500 for the 1-hour level decline.
15-minute Level: Downward, if it stays below 43000, there may be another 15-minute level decline.
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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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