Analysis of the market on March 4th: Bitcoin rebounded on the 1-hour chart. After the rebound, we will observe whether it continues to oscillate within the consolidation range or undergoes a higher-le

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1 year ago

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After breaking through 64000 again today, Bitcoin has shown a 1-hour pullback and a 1-hour rebound, but it has not yet formed a complete 1-hour level center. The internal center is currently only at the 15-minute level and has not reached the 1-hour level. After the rise, we need to observe whether there will be a subsequent fall to continue building the 1-hour level center, or if a 4-hour pullback will begin.

It is relatively certain that as long as Bitcoin does not fall below 60000, a 4-hour level pullback cannot be determined. It can only be considered to maintain a position above this level, indicating a short-term bias towards the upside, with the possibility of further extending the 4-hour level rebound.

BTC

Due to the rapid changes in the market, this article can only make predictions based on 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 level, Bitcoin has once again broken through 64000 and formed a 1-hour level rebound. Due to the lack of sufficient time near 62000 in the past few days, it is not enough to upgrade to a 1-hour level center. Currently, it can be considered that Bitcoin has experienced a 1-hour level pullback around 64000 to 61000, and is currently undergoing a new 1-hour level rebound. If the short term cannot quickly rise above 69000, two paths can be observed.

The first is to retest above 61000, build a 1-hour level center, and then continue to rise for a rebound, as shown by the red arrows in the image, extending the center to a 4-hour rebound, followed by a 4-hour pullback.

The second is that after the 1-hour rebound here, it directly undergoes a 4-hour level pullback. The condition for a 4-hour pullback is to fall below 60000. Currently, it seems to lean towards the first path.

15M:

Currently, at the 15-minute level pullback, as long as it stays above 63800, there should be a third 15-minute level rebound to test higher positions. In the short term, attention should be paid to the vicinity of 66000 to 67000.

ETH

At the 15-minute level, Ethereum has once again broken through 3522. If the 15-minute level pullback stays above 3445 in the short term, there should be a third 15-minute level rebound. Attention should be paid to the vicinity of 3600 above. If it cannot effectively break through 3600, at least a 1-hour pullback to build a 1-hour center is expected.

Trend Direction

Weekly Level: Upward direction, currently an extension of the weekly rebound from 15476, with attention to subsequent daily line conditions.

Daily Level: Upward direction, likely to go above 75000.

4-hour Level: Upward direction, the 4-hour level rebound has not ended, and there is expected to be a higher point.

1-hour Level: Upward direction, the 1-hour level rebound here is expected to have a third 15-minute level pullback and a third 15-minute level rebound.

15-minute Level: Upward direction, maintaining above 63800, continue to observe the 1-hour rebound.

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

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

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