Crypto Circle Early Events 2025.6.17 Tuesday 2️⃣
Market Analysis 🖥 Forecasting Future Trends
Bitcoin and Ethereum Trend Analysis, Wealth Codes, Long and Short Entry Points…
BTC 4-Hour K-Line Trend:
Resistance Level: 108949~110615
Support Level: 107562~106671
ETH 4-Hour K-Line Trend:
Resistance Level: 2678~2733
Support Level: 2532~2465
Technical Analysis:
1. Bitcoin's 4-Hour Cycle K-Line is experiencing a volume decrease (as of 6:39 AM – see screenshot). After breaking the important neckline at 106767 yesterday with a volume surge, Bitcoin surged high (currently adjusting near the resistance level of 108949). The volume is not performing well, so please pay attention to the marked resistance levels above, and do not blindly chase high prices. Consider going long or making spot purchases at the marked support levels in the screenshot;
2. In the daily timeframe, Bitcoin shows a bullish trend in the large, medium, and small cycle indicators, so consider buying on dips for short-term trades; the daily K-line shows a lotus emerging from the water pattern, and the weekly KDJ trend indicator is running above 80, indicating continued price increases in the future;
3. The daily to 2-day MACD indicators for Bitcoin are both showing a non-root water pattern, and the price has a need for further adjustments. For short-term trades, consider buying on dips; if the price in the 30-minute timeframe retraces to the EMA60 moving average, double bottom, or important neckline support levels, it will be the best opportunity to enter long positions 🥰; (Please set stop losses and take safety precautions with three strategies to mitigate losses – there are teaching courses) {Contract Thinking};
Spot trading thinking: If the price retraces to the important support levels marked above, you can lightly set long positions to enter {Spot Thinking};
Investment carries risks; please proceed with caution. The above analysis is for reference only! You can also make corresponding arrangements based on Bitcoin's correlation effects with mainstream coins, altcoins, and cryptocurrencies!
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