Daily Sharing

First of all, Bitcoin has recently dropped to around 60,000, and the altcoins have directly cleared contracts with leverage of more than 2 times. Many newbies who bought at the high spot are panicking and have cut their losses, so at this stage, the pullback is almost over, and we are now in a stage where the opportunities outweigh the risks. There is very limited downside potential at this point, so there is no need to panic further.

However, this does not mean that in the short term, Bitcoin and Ethereum will not create new lows. So for spot trading, look for opportunities to enter in batches, and for contracts, if you want to enter at a safe and low-risk position, you still need to be patient and observe.

The next wave of increase, my personal target is at least 80,000, and it should ideally reach 100,000 to 120,000 US dollars. Ethereum is expected to reach 4,800 to 6,000, Litecoin to 250, and Solana to 320 to 380.

BTC

Due to the rapid changes in the market in the short term, 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:

On the 1-hour chart, there is a possibility of a 1-hour consolidation range between 61,500 and 66,000 (consolidation range means repeatedly oscillating within a certain range to form a pattern). In the short term, there should be a 1-hour rebound, and this rebound should focus on 66,700. As long as this level is not broken, there will be a subsequent 1-hour decline to break through 60,660 again.

I personally expect that in the short term, the next 4-hour decline will be around 60,000, or if it goes deeper, it will break through 69,500 and quickly return to 60,000 to end the decline.

15M:

On the 15-minute chart, there is likely to be another 15-minute rebound to around 65,000. After the rebound, there will probably be another decline to form a 1-hour decline. But if the 15-minute retracement falls below 62,300, it is highly likely that the 1-hour rebound will not occur.

ETH

For Ethereum, it needs to be observed here because there is a 15-minute consolidation range. It is uncertain whether it will move up to complete a 15-minute rebound and a 1-hour rebound, or continue to extend the 1-hour decline. For the 4-hour chart, Ethereum is likely to need to revisit around 2,850 or below.

Trend Direction

Weekly Chart: Upward direction, currently continuing the rebound from 15,476, pay attention to the subsequent daily chart situation for when it will end.

Daily Chart: Downward direction, currently undergoing a pullback, which has reached the middle to late stage or the end stage.

4-hour Chart: Downward direction, currently in the third 4-hour decline within the daily pullback, with attention to 59,000 to 60,000 below.

1-hour Chart: Downward direction, there is a possibility of consolidating a 1-hour range before another decline to establish a new low.

15-minute Chart: Upward direction, looking to see if it can form another 15-minute upward movement.

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

This 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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