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After reaching 65500, Bitcoin started a 1-hour level pullback. During this pullback, it fell below the expected range of 61500 to 62000, so Bitcoin is basically in the process of a second probe. Yesterday, we mentioned that if Bitcoin falls below 61500, it will probably go to around 60000, and it has currently reached a low of around 60630.

In the short term, there is an opportunity for a 1-hour level rebound, but the rebound is expected to be limited. The focus will be on whether Bitcoin consolidates a 1-hour level range in the future. Personally, I believe Bitcoin is unlikely to fall below 56500 at this point, but will experience oscillating adjustments during the 4-hour level rebound process. However, it's hard to say for Ethereum; it is likely to be perfect if it retraces to around 2810 again.

In the past month, short-term operations for Bitcoin have been quite challenging, often teetering on the edge of a sharp decline, but the market can quickly rebound and escape the crisis. It also frequently hovers on the edge of another explosive rally, only to quickly retreat. Overall, the probability of oscillation is higher, which is actually part of the adjustment in the midst of an upward trend. Once the adjustment is complete, a new wave of upward movement will definitely, definitely, definitely begin. The bull market is not over!

BTC

Due to the rapid changes in the market, 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:

At the 1-hour level, the current pullback should be almost over. If it breaks through 62000 again, we will see a 1-hour level rebound. If the rebound does not break through 64400, there will be another 1-hour level decline back to around 60000. Overall, if it stays above 69500, Bitcoin is likely to consolidate a 1-hour level range and continue to rise above 67000.

15M:

At the 15-minute level, breaking through 62000 again indicates a 1-hour level rebound in the short term, with a target around 63000 to 63500. If the 15-minute level rebound does not break through 62000, it will retest around 60000 again.

ETH

For Ethereum at the 1-hour level, it is likely to continue the previous 4-hour level pullback and may retest around 2800 again. It may have already started a 1-hour level rebound, and as long as it does not break through 3130, there will be another 1-hour level pullback to see if it goes near the previous low point.

At the 15-minute level, further observation is needed. Breaking through 3015 will indicate a 1-hour level rebound to around 3060 to 3100. If it falls below 2950 again in the short term, it means the 1-hour level rebound has not yet occurred.

Trend Direction

Weekly Level: Upward, currently continuing the rebound from 15476. Pay attention to the subsequent daily level situation for when it will end.

Daily Level: Upward, it's almost time to see a new upward movement at the daily level, with a target of 85000.

4-hour Level: Upward, if Bitcoin stays above 59500, it is likely to continue the 4-hour level rebound.

1-hour Level: Upward, there is an opportunity for a 1-hour level rebound in the short term, but the rebound strength may be temporarily limited.

15-minute Level: Upward, breaking through 62000 will indicate a 1-hour level rebound. If the 15-minute rebound does not break through 62000, pay attention to the possibility of retesting around 60000.

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This article is time-sensitive. Please be aware of the risks. The above are personal suggestions and are for reference only!

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