Crypto Market Early Events 2025.5.9 Friday 5️⃣
Market Trend Analysis 🖥 Predicting Future Trends
Bitcoin and Ethereum Trend Analysis, Wealth Codes, Long and Short Entry Points…
BTC 4-hour K-line Trend:
Resistance Level: 103928~105783 Nearby
Support Level: 101936~100691 Nearby
ETH 4-hour K-line Trend:
Resistance Level: 2287~2380 Nearby
Support Level: 2146~2080 Nearby
Technical Analysis:
1. Bitcoin's 4-hour K-line shows a volume increase (as of 7:10 AM~see screenshot), the 4-hour K-line price breaks through various resistance levels with strong upward momentum, but be aware of the risks brought by price corrections during the rise. Please pay attention to the resistance levels indicated above, and do not blindly chase highs. Consider going long or laying out spot positions at the support levels marked in the screenshot;
2. The trend indicators for Bitcoin across various cycles (daily, medium, and small) are resonating in a bullish trend, with short-term operations focused on buying low; all KDJ indicators for Bitcoin above the 1-hour cycle are running above 50, and the 2-day cycle KDJ indicator has been operating in the overbought area above 80, indicating that prices will continue to rise in the future, with a short-term strategy focused on buying low;
3. The MACD indicator for Bitcoin's 15-minute cycle shows a no-root water pattern, indicating a short-term need for price correction. In short-term operations, consider buying low. If the price retraces to the EMA60 moving average, double bottom, or significant neck support level in the 15-minute small cycle, it would be the best opportunity to enter long positions 🥰; (Please set stop-loss, buckle your seatbelt, and prepare protective measures for the three strategies to unwind – there are teaching courses) {Contract Thinking};
Spot Trading Thinking: If the price retraces to the important support levels indicated above, you can lightly place long orders to enter the market {Spot Thinking};
Investing involves risks; please proceed with caution. The above analysis is for reference only! You can also make corresponding layouts for some mainstream coins, sub-mainstream coins, and altcoins based on Bitcoin's correlation effect!
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