Crypto Circle Early Events: Analysis of Market Trends 🖥 Predicting Future Trends
⏰ 8 AM 🌈 Binance Square 🌈 Live Broadcast of Crypto Circle Early Events 2025-3-16 Sunday
Analysis of Bitcoin and Ethereum price trends, Wealth Code, Bull and Bear Attack Points...
BTC 4-Hour K-Line Trend:
Resistance Level: Around 85757~87943
Support Level: Around 82275~80206
ETH 4-Hour K-Line Trend:
Resistance Level: Around 1969~2080
Support Level: Around 1871~1813
Technical Analysis:
1. Bitcoin's 4-hour K-line has shown a volume decrease and upward trend (as of 7:10 AM). The 4-hour K-line price is oscillating within a box pattern, and the volume performance is poor. Please pay attention to the marked resistance levels above and avoid blindly chasing highs. The support levels marked in the screenshot can be considered for long positions or spot layout;
2. The indicators for smaller cycles below 4 hours show a bullish trend. In the short term, consider buying on dips; Bitcoin's weekly K-line MACD indicator shows a dead cross above the zero line, indicating that the price will likely continue to fluctuate in a washing-out manner;
3. The 1-hour cycle MACD indicator shows a water-like shape. There is a need for price correction. In the short term, consider buying on dips. If the price in the 15-minute or 30-minute small cycle K-line corrects to the EMA60 moving average, double bottom, or other important neckline support levels, it will be the best opportunity to enter long positions 🥰; (Please ensure to set stop-loss and take protective measures with three strategies to avoid losses~ There are teaching courses available) {Contract Thinking};
Spot trading thinking: When prices correct to the important support levels marked above, consider entering long positions with light positions {Spot Thinking};
Investment involves risks, and caution is required 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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