Starting today, the article will be slightly modified to analyze BTC from larger to smaller timeframes, including the daily chart, four-hour chart, and one-hour chart. The weekly chart fluctuation has been quite long, so it will be briefly mentioned at the end, unless there is a particularly large directional fluctuation.

BTC

Daily chart level: First, let's look at the yellow line. The move from 0 to 1 has fallen into the center of July, which is a very strong decline. The move from 1 to 2 is also a very precise correction that we anticipated. My previous expectation was that the move from 2 to 3 would be very strong, but currently, it cannot even break the low of the first move, and the rebound is very strong. I am also very conflicted about whether the rebound from 1 to 2 on the yellow line has ended. The structure here is very complex, and we will judge it in three different scenarios.

In the first scenario, at 117900 he indeed ended it. If this rebound does not break 116000, then currently this rebound is a reasonable hourly level rebound, and after it ends, it will continue to decline.

In the second scenario, 117900 is a false sell, meaning it is not the highest point of the second transaction. Therefore, this week there will be a new high point. If this trend emerges, the new high point will be between 118000 and 119500.

In the third scenario, a consolidation center is formed, showing a merged sell signal, similar to the movement of Ethereum in May and June, fluctuating for a long time, then a big downward spike occurs, followed by an upward pull.

In the above three situations, analyzing various indicators, 1: Currently, there is no clear top-bottom pattern, 2: The MACD daily chart started green bars on the first day, 3: Trading volume has begun to decrease, 4: The previous decline lasted for 7 days and 20 hours, while this rebound has lasted for 4 days and 16 hours, 5: The strength broke through 0.618 but has not stabilized. My current judgment remains unchanged; 117900 is the second sell point, the daily chart level will fluctuate to replenish the green energy bars, and then a true upward spike will form a top pattern, after which it will start to decline.

The four-hour level and the one-hour level are expected to oscillate here for a while. If it can directly break below 112500 today, then this wave of rebound will be completely over.

Ethereum has been much more comfortable than BTC; this rebound hasn't even entered the previous central area and should form a downward extension of the central area.

Summary (BTC/Ethereum )

Weekly level: first look around 95000, then around 145000 / first look at 3500 then 6000 upwards

Daily chart level: bearish, but it is currently difficult to find a short entry point / may oscillate between 4250-4030.

4-hour level: Bullish, but continued upward movement will show divergence, and so will Ethereum. Here, closely monitor whether it breaks through last night's high.