This week, Bitcoin is experiencing a rebound at the 4-hour level, watch to see if the short-term gives a 1-hour pullback.

The third rebound at the 1-hour level for Bitcoin has lasted longer than expected, from 60,755 on Wednesday to today, Sunday. It has been a continuous 1-hour level rebound. However, the strength of the short-term movement is not very strong, still within our previously expected range of 64,000 to 65,000.

Normally, there should be a 1-hour level pullback first, then a continued rebound. For now, observe the short-term, as it is in a potential divergence phase.

4-hour cycle main direction: Currently running as the second 4-hour level rebound in a daily downtrend, expected to continue oscillating upward this week.

1-hour cycle direction: Still in the third 1-hour level rebound, watch to see if it ends.

Bitcoin from 59,130 to 64,200 is the first 1-hour level rebound; from 64,200 to 60,755 is the second 1-hour level pullback; from 60,755 to 64,700+ is the third 1-hour level rebound. The current movement is the third 1-hour level rebound, uncertain if it has ended. Normally, it should be close to ending because of divergence. Observe for now, see if there is further extension tonight. According to our previous expectations, there should still be a fourth 1-hour level pullback and a fifth 1-hour level rebound in the short term. As long as the next pullback does not break below 60k, the rebound will continue. Overall, the expectation is that this 4-hour level rebound will first reach the 66,000 to 68,300 range. If it breaks through 68,300, then look toward 70k or higher.

At the 15-minute level, seven waves have already formed. Currently, divergence has appeared. If the short-term 15-minute pullback drops below 63,400, then this 1-hour level rebound should be over, beginning the fourth 1-hour level pullback, with attention to around 61,500 or 61,000.

If the short-term 15-minute pullback does not fall below 63,400, watch for further upward extension, with the target zone at 65,000 to 65,800.

Ethereum has formed three waves at the 1-hour level, but the third 1-hour rebound has not yet broken the high of the first wave. The third 1-hour rebound can theoretically end now; a drop below 1,659 would confirm it. If a short-term 1-hour pullback occurs, watch for support around 1,580 to 1,630. Overall, the 4-hour rebound is not finished, so after a pullback, there should still be a 1-hour rebound toward around 1,750 or higher. Only a break above 1,691 would indicate the 1-hour rebound is extending upward again, as the 1-hour pullback has not yet occurred.