Market analysis on July 27th: Bitcoin's 4-hour rebound has extended, with a potential 4-hour pullback if it fails to break through 70,000.

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1 year ago

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The rebound of the 1-hour chart of Bitcoin has reached above 68000, and the rebound of the 4-hour chart has extended through the center. The current rebound of the 1-hour chart still needs to be observed. In the short term, it may continue to rise. If the 1-hour rebound here cannot effectively reach the 70,000 mark, there is still an expectation of a 4-hour chart callback.

For Ethereum, in the short term, there is still a downtrend in the 4-hour chart. After the launch of Ethereum spot ETF, the short-term selling pressure will continue. Ethereum can only make a good rebound after completing the 4-hour callback.

BTC

In the short term, due to the rapid changes in the market, the article can only make predictions about the market changes 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 chart level, it has returned to around 68200. In the short term, it is still an extension of the 4-hour rebound. The current rebound at the 1-hour chart level needs to be observed again to see if it can reach around 68500 or 69000.

It is expected that there will be a 1-hour chart callback tomorrow or the day after tomorrow. This callback will be observed to see if it can fall below 66000. If it does not fall below, it is still within the scope of the 4-hour chart rebound. If the 1-hour callback falls below 66000, then we can almost consider that a 4-hour chart callback will occur, as shown by the white arrows in the image. The 4-hour callback can be expected to be around 63000, and after the callback, we can continue to look for the third 4-hour rise.

15M:

From the 15-minute chart level, we can see that the 1-hour chart rebound here is still strong. There are two short callbacks in the middle that satisfy the 15-minute chart callback. The callback time is short, the magnitude is small, the rise time is long, and the magnitude is large. Therefore, the 1-hour chart rebound here has strongly extended above 68000.

Currently, we will see if the short term can reach around 69000. If it cannot break through 70000, then in the short term, it will definitely have a 1-hour chart callback. If the 15-minute chart callback falls below 67300, then we can expect a 1-hour chart callback. Or if the 1-hour MACD shows a bearish divergence, it is also considered to be a 1-hour callback.

ETH

For Ethereum, the movement will be relatively simple. Ethereum is currently in a 4-hour chart callback. There is actually a center above, and if the current 1-hour chart rebound cannot break through the lower edge of the center, which is 3390, there will still be a 1-hour chart callback to retest the vicinity of the low point. The current position is still far from 3390, so the probability of Ethereum retesting around 3100 and below is relatively high.

The structure of the current 1-hour chart rebound has already emerged. We will observe whether the short term can reach around 3300, with resistance above at 3325. If the short term falls below 3325 again, it confirms that a 1-hour chart callback will occur.

Trend Direction

Weekly Chart Level: Upward direction, currently expected to have a new weekly chart rise, with a target of over 100,000.

Daily Chart Level: Upward direction, the first daily chart rise within the weekly chart rise, with a target of over 90,000.

4-hour Chart Level: Upward direction, the 4-hour chart rebound has extended, and the focus will be on the position near 66000. If it falls again, it is considered to have a 4-hour callback.

1-hour Chart Level: Upward direction, the 1-hour chart rebound is still ongoing, with attention to resistance at 69000 and 70,000.

15-minute Chart Level: Upward direction, short term to see if there will be another surge.

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The article is time-sensitive, pay attention to risks, and the views in the article are personal suggestions and are for reference only!

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