Analysis of the market on the 5th and 7th: Bitcoin continues to wait for the 1-hour level to finish the pullback, then observe the strength of the third 1-hour rebound.

CN
1 year ago

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It is highly probable that Bitcoin is currently undergoing a 1-hour level pullback, but it should be ending soon. In the short term, it should retrace to the 62500~62000 range. Be patient and wait, there will be a third 1-hour level rebound, aiming for around 67000.

BTC

Due to the rapid changes in the market, this article can only make predictions based on the market conditions 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 current second 1-hour level pullback is still missing a retracement, but structurally it should be almost complete. The expected target is around 62000~62500, followed by a third 1-hour level rebound. Pay attention to whether the third rebound can break through 67000.

15M:

At the 15-minute level, Bitcoin is currently undergoing the third 15-minute level decline. It is expected to be almost complete around 62700.

ETH

Ethereum should still have the third 15-minute level decline to retrace near 3200, followed by a 1-hour level rebound. Watch if the third 1-hour level rebound can go above 3300.

Trend Direction

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

Daily Level: Upward direction, it's almost time to see a new daily level rise, with a target of 85000.

4-hour Level: Upward direction, pulled back into the central range, looking for a new 4-hour level rise.

1-hour Level: Downward direction, the current second 1-hour level pullback is almost complete. It is expected to start the third 1-hour level rise from late night to early morning.

15-minute Level: Downward direction, currently looking at 62000~62500 for the third 15-minute level decline.

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

This article is time-sensitive. Pay attention to the risks. The above is only personal advice and is for reference only!

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