Cryptocurrency Market Early Updates 2025.7.8 Tuesday 2️⃣
Analysis of Market Trends 🖥 Forecasting Future Trends
Analysis of Bitcoin and Ethereum price movements, wealth codes, long and short entry points…
BTC 4-hour Candlestick Support and Resistance:
Resistance Level: 1️⃣1084632️⃣108853 nearby
Support Level: 1️⃣1077452️⃣107099 nearby
ETH 4-hour Candlestick Support and Resistance:
Resistance Level: 1️⃣25792️⃣2636 nearby
Support Level: 1️⃣24862️⃣2433 nearby
Technical Analysis:
1. Bitcoin's 4-hour candlestick shows a decrease in volume (as of 6:35 AM ~ see screenshot), the 4-hour candlestick yesterday retraced at the right shoulder resistance level of the head and shoulders pattern, currently forming a W double bottom pattern, with poor volume performance. Do not blindly chase high prices; consider entering long positions or spot trading at the support levels marked in the screenshot;
2. Bitcoin's small cycle trend indicators below 3 hours resonate with 🈳 head trends, short-term operations should sell on highs 🈳;
3. Bitcoin's 6-hour to 12-hour MACD indicators are showing 🈳 leaking oil patterns and rootless water patterns, expecting prices to trend downwards. Short-term operations should sell on highs 🈳; in small cycles, once the 15-minute and 30-minute candlestick prices pull back to the EMA60 moving average, double tops, and important neckline resistance levels, it will be the best opportunity to enter 🈳 positions 🥰 (please remember to set stop losses and prepare the three strategies for recovery~ there are instructional courses) {Contract Thinking};
Spot trading mindset: when the price pulls back to the important support levels marked above, consider entering long positions with light exposure {Spot Trading Mindset};
Investing carries risks; proceed with caution. The above analysis is for reference only! Everyone can also make corresponding allocations for mainstream coins, minor mainstream coins, and altcoins based on Bitcoin's correlation effects!
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