12:05 PM

From the current market situation, it can be seen that the 1-4 hour chart has retraced. Therefore, after the correction, will it break downward and turn bearish or continue to push higher? For Ethereum, focus on the 3265-3230 levels, Bitcoin around 94600, and Solana between 140-137.6.
As shown in the chart below, the market at least indicates a bearish structure, so the current strategy during the day is to adopt a high short approach:
Currently, the market has formed this pattern. Yesterday, breaking the high of 3380 to 3403, near 3400, also confirmed the previous bullish target, which has reached a temporary top. Bitcoin exceeded expectations, and after a push around 3400 in the early morning, it was pushed back down. Resistance above is very strong. Similarly, Bitcoin also shows a clear bearish structure on the 1-4 hour chart, so the intra-day strategy is to short on rebounds, at least until the 4-hour cycle completes. Afterwards, observe whether it will continue to push higher. There is no eternal rise or fall; the market may also move in a wide-range oscillation to consume volatility. Given Ethereum's different volatility, I personally think it will oscillate within a 170-point range between 3230 and 3400. In any case, if it breaks downward, it will turn bearish; if it breaks upward, look for the next high. Bitcoin's range is 94600-97800. Different people have different understandings of a one-sided move: 5-15 minute, 1-4 hour, and 4-day level are all considered normal upward or downward trends. In my view, there is no significant one-sided trend beyond the 1-4 hour timeframe. Of course, 5-15 minute trends are also limited, involving cycle transitions, which largely determine the direction. At least for now, the overall direction is not problematic; the specific levels are secondary.

Personal opinions and judgments, for reference only.