The Cryptocurrency Circle Early Events 2025.5.21 Tuesday 3️⃣
Market Analysis🖥Forecasting Future Trends
Bitcoin and Altcoin Trend Analysis, Wealth Codes, Long and Short Entry Points…
BTC 4-Hour K-Line Trend:
Resistance Level: Around 106985～107951
Support Level: Around 105305～104116
ETH 4-Hour K-Line Trend:
Resistance Level: Around 2549～2649
Support Level: Around 2461～2392
Technical Analysis:
1. Bitcoin's 4-hour period K-line shows a decreasing volume drop (as of 6:53 AM～see screenshot), the current 4-hour K-line is in a double top formation, with poor volume performance. Please pay attention to the indicated resistance level above, and do not blindly chase high prices. The support level marked in the screenshot can be considered for long positions or spot layouts;
2. The Bitcoin daily line shows a resonance bullish trend in major, medium, and minor cycle indicators. For short-term operations, buy on dips; the daily to 2-day KDJ indicators are running above 80 in an overbought, flattened upward space area, indicating that prices may continue to rise later;
3. The 12-hour to daily MACD indicators are showing a rootless water form, indicating that there is still a need for price correction. In short-term operations, buy on dips. Once the price in the 15-minute and 30-minute small cycles retraces to the Bollinger middle band, EMA60 moving average, double bottom, or important neckline support level, it is the best opportunity to enter a long position🥰; (Please use stop-loss, buckle your seatbelt, and take protective measures with three ways to untie ~ there are teaching courses) {Contract Thinking};
Spot trading thinking: If the price retraces to the important support levels marked above, you can consider entering long positions with light leverage {Spot Thinking};
Investment carries risks, and one must be cautious when entering the market. The above analysis is for reference only! You can also make corresponding adjustments for mainstream coins, minor mainstream coins, and altcoins based on Bitcoin's correlation effect!
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