Crypto Market Early Events 2025.5.8 Thursday 4️⃣
Market Analysis 🖥 Future Trend Prediction
Bitcoin and Ethereum Trend Analysis, Wealth Codes, Long and Short Entry Points…
BTC 4-hour K-line Trend:
Resistance Level: 97538~98343 Nearby
Support Level: 96643~95742 Nearby
ETH 4-hour K-line Trend:
Resistance Level: 1840~1870 Nearby
Support Level: 1814~1878 Nearby
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line shows a volume decrease while rising (as of 6:53 AM – see screenshot), the 4-hour K-line price has broken through the neck resistance level of 96518 with reduced volume and continues to rise (there is a suspicion of inducing buying), please pay attention to the resistance levels marked above, do not blindly chase highs, consider taking long positions or spot layouts at the support levels marked in the screenshot;
2. Bitcoin's daily line and below major, medium, and small cycle trend indicators resonate in a bullish trend, short-term operations should buy on dips; Bitcoin's 6-hour cycle MACD indicator shows a water floating shape (golden cross), indicating that the price will continue to rise, the trading strategy should focus on buying on dips;
3. Bitcoin's 1-hour cycle MACD indicator shows a non-root water shape, indicating a demand for price correction, short-term operations should buy on dips, and once the price in the 30-minute small cycle retraces to the MA60 moving average, double bottom, or important neck support level, it is the best opportunity to enter long positions 🥰; (Please set stop-loss and secure your seatbelt while implementing protective measures for the three steps of solving positions – there are teaching courses) {Contract Thinking};
Spot Trading Thinking: If the price retraces to the important support levels marked above, light positions can be placed for long entry {Spot Thinking};
Investment carries risks, and entering the market requires caution. The above analysis is for reference only! Everyone can also make corresponding layouts for mainstream coins, minor mainstream coins, and altcoins based on the correlation effects of Bitcoin!
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