Crypto Circle Early Events 2025.5.17 Saturday 6️⃣
Market Analysis 🖥 Predicting Future Trends
Bitcoin and Ethereum Trend Analysis, Wealth Codes, Long and Short Entry Points…
BTC 4-hour K-line Trend:
Resistance Level: Around 104431～105670
Support Level: Around 102898～101772
ETH 4-hour K-line Trend:
Resistance Level: Around 2598～2658
Support Level: Around 2545～2465
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line is experiencing a volume decline (as of 6:56 AM ~ see screenshot), the 4-hour K-line is oscillating within a triangular range, and the current volume performance is poor. Please pay attention to the marked resistance level above, and do not blindly chase high prices. At the support level marked in the screenshot, consider placing long orders or spot layouts;
2. Bitcoin's small cycle indicators below 1 hour are resonating with the trend indicator 🈳 head trend, short-term operations should sell on highs 🈳; Bitcoin's daily cycle has been consolidating at a high for 8 days, please manage risk and prevent the risks brought by price corrections;
3. Bitcoin's 6-hour to 12-hour cycle MACD indicators are showing a non-rooted water shape, and there is still a demand for price correction. Short-term operations should sell on highs 🈳. If the price rebounds to the EMA60 moving average, double top, or important neck pressure points in the 15-minute and 30-minute small cycles, it is the best opportunity to enter long positions 🥰; (Please wear a stop-loss seatbelt and take protective measures with three ways to break even ~ there are teaching courses) {Contract Mindset};
Spot trading mindset: If the price corrects to the important support levels marked above, you can lightly place long orders for entry {Spot Mindset};
Investment involves risks, and caution is needed when entering the market. The above analysis is for reference only! Everyone can also make corresponding layouts for mainstream coins, sub-mainstream coins, and altcoins based on Bitcoin's ripple effect!
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