June 18 Market Analysis: Waiting for the 1-hour decline to complete

Bitcoin's previous 1-hour rebound peaked around 67,292, then followed the expected 1-hour correction. Currently, the 1-hour decline should be nearing its end. There is still a chance for another rebound to complete this 4-hour correction.
Next week, a new 4-hour decline may begin. Will it break below 59,000 directly?

4-hour cycle main direction: The current rebound is the second 4-hour correction within the ongoing daily decline, and it is expected to peak again before ending near the previous high.

1-hour cycle direction: The current decline is the fourth 1-hour correction, and it is nearing its end.

The third 1-hour rebound is not a divergence, so as long as the fourth 1-hour correction does not break below 61,000, there should still be a fifth 1-hour rebound pushing toward 67,200 or around 68,000. Therefore, the current structure still suggests that the overall 4-hour rebound has not ended. There may be another short-term rebound, especially since the third rebound was stimulated by positive news of the Iran deal, reaching only around 67,200 without touching 68,000. The fifth 1-hour rebound is unlikely to reach 70,000, probably only around 68,000, as there are no significant short-term catalysts for a large rebound. If the price drops below 61,000 again, the 4-hour rebound could be prematurely ended.

In late June, the support at 59,000 will be tested again. A break below could lead to a decline toward 55k or 53k. If it holds, a consolidation within the 4-hour range for half a month before dropping is possible.

In the short term, on the 15-minute chart, a rebound is expected. Resistance is around 65,000–65,500. If it cannot break above 65,600, a subsequent 15-minute decline to revisit around 63,000 is likely. I lean toward another short-term low to end the 1-hour decline, with a new 1-hour rebound expected in the next day or two, pushing above 67,000.

Ethereum on the 15-minute chart may also see a rebound. If it does not break above 1,796, a 15-minute decline to revisit 1,700 or even 1,660 is possible. After this 1-hour correction completes, another 1-hour rebound is expected, likely in the 1,850–1,900 range. The upcoming 4-hour decline starting next week will depend on whether 1,500 can hold.