Crypto Market Early Events 2025.5.5 Monday 1️⃣
Market Analysis🖥 Forecasting Future Trends
Bitcoin and Ethereum Trend Analysis, Wealth Secrets, Long and Short Entry Points…
BTC 4-hour K-line Trend:
Resistance Level: Around 95312~96020
Support Level: Around 93975~92706
ETH 4-hour K-line Trend:
Resistance Level: Around 1840~1858
Support Level: Around 1779~1755
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line shows a volume drop (as of 7:18 AM~see screenshot), the price is about to reach the neckline support level around 93724, currently the K-line pattern is showing a downtrend, please pay attention to the resistance levels marked above, do not blindly chase highs, consider making long positions or spot purchases at the support levels indicated in the screenshot;
2. Bitcoin's large, medium, and small cycle indicators below 3 hours resonate with the trend indicator 🈳head trend, short-term operations should sell on highs 🈳; the 4-hour KDJ indicator forms a dead cross below 20 (oversold area), suggesting that prices will continue to decline in the future;
3. Bitcoin's 6-hour to 12-hour MACD indicators are showing a rootless water pattern, indicating a demand for continued price correction, short-term operations should sell on highs 🈳, once the price in the 30-minute small cycle rebounds to the EMA60 moving average, double top, or important neckline resistance level, it is the best opportunity to enter 🈳 positions🥰; (please set stop-losses and secure yourself with the three measures to avoid losses – there are teaching courses) {Contract Thinking};
Spot Operation Thinking: When the price retraces to the important support levels indicated above, you can set up small long positions {Spot Thinking};
Investment carries risks, and market entry should be cautious; the above analysis is for reference only! You can also consider making corresponding layouts for mainstream coins, sub-mainstream coins, and altcoins based on the correlation effect of Bitcoin!
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