Daily Sharing
Bitcoin has effectively fallen below 62,000 here, so it is highly likely to retest 59,000 as expected. Moreover, looking at the structure of Ethereum, after the rebound on the 4-hour level to 3300, it failed to accelerate the rise and fell again. In yesterday's article, we mentioned that Ethereum had a 15-minute rebound to 3200, and then there would be a third 15-minute pullback to the 3000-3050 range, which has now been reached and even pierced through 3000. Judging from the intensity of Ethereum's pullback, it is likely to undergo a new 4-hour level pullback and retest around 2800. Therefore, judging by the synchronicity of Bitcoin and Ethereum, Bitcoin should also retest around 59,000.
So, we still need to wait for the structure to complete, as it is currently in the process of a secondary pullback.
BTC
Due to the rapid changes in the market, the 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 the information as a reference only.
1H:
On the 1-hour level, the structure has been almost clarified. Bitcoin is currently undergoing a 1-hour central departure segment decline, with the starting point of this 1-hour level decline being 64,734 this morning. This 1-hour level decline has not yet been completed, and it is expected to retest around 59,500-60,000 again. Since the departure segment is not diverging, it is expected that there will be a third sell-off if the 1-hour level rebound cannot break through 63,400, resulting in another 1-hour level decline. There is a chance of piercing below 59,000, so it's best to wait and see.
15M:
On the 15-minute level, the structure is finally clearer. In the analysis over the past week, whenever we saw a 1-hour level rebound, Bitcoin always made a 15-minute level rebound and then broke the low point again, leading us to believe that Bitcoin has been extending the 1-hour level decline, raising many questions about the structure. It wasn't until just now that I suddenly realized. Bitcoin is actually oscillating around 63,400-64,000, constructing a 1-hour level central pivot, which is a pivot derived from 9 rebounds. Currently, it is undergoing a central departure segment decline from 64,734, which belongs to a 1-hour level decline and is clearly not over yet.
Since only the first 15-minute level decline has been completed, there is still a chance of a second 15-minute level rebound failing to break through 63,400, resulting in a third 15-minute level decline below 60,000.
It is expected that the 1-hour level decline will end by tomorrow afternoon, followed by a 1-hour level rebound.
ETH
The 4-hour level structure of Ethereum is currently much clearer than that of Bitcoin. It has already completed four 4-hour structures and consolidated a 4-hour central pivot in the 3056-3350 range. It is currently undergoing the fifth 4-hour level decline, with the target of this decline expected to be around 2800-2750. After the completion of the fifth 4-hour level decline, the market is likely to usher in a new round of rise, which is expected to quickly form a rapid V-shaped rebound, not lingering too long to provide an opportunity for bottom fishing. Be prepared for this expectation.
On the 1-hour level, it is currently undergoing the first 1-hour level decline within the fifth 4-hour level decline. This decline may not be over yet and may retest around 2900, followed by a second 1-hour level rebound and a third 1-hour level decline, with a chance of piercing below 2850 in the third 1-hour decline.
On the 15-minute level, due to the lack of divergence in the third 15-minute level decline, it is expected to have 5 waves. It is expected to have the third 15-minute level rebound from tonight to early morning, with resistance at around 3075 and 3100. There should be a fifth 15-minute level decline retesting around 2900-2950.
Trend Direction
Weekly Level: Upward, currently a continuation of the rebound from 15,476, pay attention to the subsequent daily level situation for when it will end.
Daily Level: Downward, short-term continues to extend the daily level decline, with the possibility of retesting around 59,000 or below.
4-hour Level: Downward, currently running a 4-hour level decline.
1-hour Level: Downward, the 1-hour central departure segment decline is expected to end by tomorrow afternoon.
15-minute Level: Upward, after the completion of the second 15-minute level rebound in the short term, there will be a third 15-minute level decline.
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The article is time-sensitive, pay attention to the risks, the above is only personal advice, for reference only!
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