Analysis of the market on the 30th: The 4-hour rebound of Bitcoin is approaching the expected target, and there is still a chance for a short-term upward movement.

CN
1 year ago

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The rebound of the big cake at the 4-hour level has currently reached a high of 43787, and the overall trend has completely fulfilled the range of 43500~44000 as we mentioned before. Last week, we mentioned the opportunity to go short near 44000 at the 4-hour level, and many people didn't believe that it could rebound to 44000 after breaking 40000. The 4-hour level structure is currently running as expected.

Recently, short-term operations at the 1-hour level are actually more difficult due to rapid market changes. It's either a continuous decline without suitable rebound opportunities, or a continuous rebound without suitable mid-term pullback space. Therefore, short-term operations are often not easy to handle. However, the high probability of a rebound at the 4-hour level is likely to lead to a second sell-off and then continue to decline, so seizing this opportunity can still yield profits in the future.

BTC

Due to the rapid changes in the market, this 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, it is actually an upward trend with a double center, and it can be seen that the leaving section is already in a divergent state. In the short term, there will be a pullback at the 1-hour level. If the pullback does not break 41400, there is still a certain probability of another rebound at the 1-hour level. If this is the case, the rebound at the 4-hour level may reach around 45500.

However, the structure here can also be divided into a 3-wave 1-hour structure, for example:

It's just that the structure of the second 1-hour level pullback is not very standard. In this case, after another 15-minute level rebound, there is a certain probability of ending the 4-hour level rebound. Therefore, further observation is still needed.

Whether viewed as two center or a three-wave structure, there will be a 1-hour level pullback in the short term. It is worth noting that if it directly falls below the range of 41000~41400 in the short term, we can basically consider that the third 4-hour level pullback is underway.

Before that, there is still a possibility of continuing to rise at the 15-minute level, especially if considered from a three-wave perspective, there is still a lack of a 15-minute level rise.

Pay attention to the range near 44000~44500 above. Below, pay attention to 42500, and if it falls below, it confirms a 1-hour level pullback.

15M:

At the 15-minute level, it is currently undergoing a pullback from 43787, and if this pullback does not break 42500, there should be another 15-minute level rebound to test near 44000. If it falls below, it is considered to be a 1-hour level pullback.

ETH

In fact, Ethereum has already made a standard 1-hour level pullback yesterday, and has clearly formed a three-wave 15-minute level structure, as shown by the green arrows in the image above. There is currently a high probability of running the third 1-hour level rebound.

The third 1-hour level rebound is currently lacking a 15-minute level rise, and it remains to be seen if it can reach around 2350. Ethereum is expected to undergo a 1-hour level pullback tomorrow, and if the pullback falls below 2235, it is considered that the 4-hour rebound has ended.

Trend Direction

Weekly Level: Upward, currently a continuation of the weekly rebound from 15476, pay attention to the subsequent daily situation for when it will end.

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

4-hour Level: Upward, currently undergoing the second 4-hour level rebound, has reached the expected target, short-term attention to resistance in the range of 44000~44500.

1-hour Level: Upward, there is a possibility of running the third 1-hour level rise in the short term, falling below 42500 will indicate a 1-hour level pullback.

15-minute Level: Upward, if it remains above 42500, there is still a chance to reach near 44000 with a 15-minute level rise.

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

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

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