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Early happenings in the crypto world 🥇🥇 2025-2-2
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: Around 102266~103648
Support level: Around 99140~100648
ETH 4-hour K-line trend:
Resistance level: Around 3182~3258
Support level: Around 3040~3104
Technical analysis:
1. Bitcoin's 4-hour cycle K-line shows a volume decline (as of 7:32 AM), at 4 AM Bitcoin's K-line price broke down the neckline support level around 101550 with increased volume. Please pay attention to the marked resistance levels above; do not blindly chase high prices;
2. Bitcoin’s 12-hour and lower medium and small cycle trend indicators resonate with the downward trend, short-term operations should take advantage of highs for shorting;
3. Bitcoin’s 12-hour and 24-hour MACD indicators are both in a bearish leak pattern, indicating a temporary need for price correction. For short-term operations, when the 30-minute or 1-hour K-line price rebounds to the Bollinger middle track, EMA60 moving average, double top pattern, or important neckline resistance level, that is the best opportunity to enter a short position 🥰; (Please wear a stop-loss seatbelt and take protective measures for the three methods of liquidation) {Contract mindset};
Spot trading mindset: If the price corrects to the important support levels marked above, you can lightly place long orders to enter the market {Spot mindset};
Investment carries risks, and caution is needed when entering the market. The above analysis is for reference only! You can also make corresponding layouts for altcoins based on Bitcoin's correlation effect!
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