Daily Sharing

Bitcoin experienced another drop last night after reaching 67300, falling to around 65441 early this morning. It is still continuing the 1-hour level pullback from 68474, and the overall pullback is expected to continue, possibly with another 15-minute level decline. Once the 15-minute level decline is completed, there should be a 1-hour level rebound. The focus will be on whether the rebound starting the day after tomorrow can continue to reach 68474. If it fails to break through, then we will consider a 4-hour level pullback.

Currently, the overall market is still very strong, and there will be further upward movement in the future. As the daily level rise is far from over, long positions are still the main consideration during this pullback.

BTC

Due to the rapid changes in the market, this article can only make predictions based on the market 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 pullback may not have ended yet, and there may be another retracement near 65000 or below in the short term. After the completion of this pullback, it is likely to only be constructing a 1-hour level consolidation here before continuing the 1-hour level rebound. Unless the next 1-hour level rebound fails to break through 68474, we will consider the possibility of a 4-hour level pullback.

It is expected that there will be at most one more 15-minute level pullback here, and a 1-hour level rebound is likely to occur tomorrow. The focus will be on the strength of the next 1-hour level rebound.

Note: The 1-hour level pullback mentioned in the article does not mean a pullback within one hour. Generally, a 1-hour pullback takes about 1 to 3 days or even longer. A 15-minute level rise or fall does not end after just 15 minutes; typically, a 15-minute level movement takes about 4 to 7 hours or even longer.

15M:

At the 15-minute level, the short-term market has experienced the fourth 15-minute level rebound. As long as it does not break through 67350, it is expected to have a fifth 15-minute level decline. The fifth 15-minute level decline is expected to run until early morning, with a chance of breaking through 65000 to around 64500. Further observation is needed.

ETH

Ethereum is still in the process of a 1-hour level pullback, and it may experience another decline to around 3360 in the short term. After that, there will be another 1-hour level rebound, with a focus on whether the next 1-hour level rebound can break through 3562. An expected 1-hour level rebound is likely to occur the day after tomorrow. It is still unknown when Ethereum will truly outperform Bitcoin and establish a unilateral upward trend. Theoretically, Ethereum should be stronger than Bitcoin in early August.

Trend Direction

Weekly Level: Upward, with an expected new weekly level rise, targeting above 100,000.

Daily Level: Upward, the first daily level rise within the ongoing weekly level rise, targeting just over 90,000.

4-hour Level: Upward, the current 4-hour level rebound is likely not over, unless there is a secondary sell-off or a drop below 63500.

1-hour Level: Upward, the current 1-hour level pullback is expected to end in the early morning or tomorrow morning, with a focus on the 1-hour level rebound tomorrow.

15-minute Level: Downward, with attention on 65000 and 64500 for the short-term 15-minute level decline.

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This article is time-sensitive. Please be aware of the risks. The views expressed in the article are personal opinions and are for reference only!

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