Crypto Market Early Update 2025.7.17 Thursday 4️⃣
Market Analysis 🖥 Predicting Future Trends
Analysis of Bitcoin and Altcoin Trends, Wealth Code, Long and Short Entry Points…
BTC 4-Hour Candle Support and Resistance:
Resistance Levels: ① 120354 ② 121718 Nearby
Support Levels: ① 117258 ② 115321 Nearby
ETH 4-Hour Candle Support and Resistance:
Resistance Levels: ① 3421 ② 3512 Nearby
Support Levels: ① 3315 ② 3244 Nearby
Technical Analysis:
1. Bitcoin's 4-hour candle shows a shrinking volume increase (as of 6:22 AM ~ see screenshot), forming a head and shoulders pattern. Pay attention to the risk of a pullback at the right shoulder's resistance level. Currently, the volume performance is not good; do not blindly chase higher prices. The support levels marked in the screenshot can be considered for long positions or spot trading entry;
2. The Bitcoin 15-minute and above cycle shows the Guppy Trend Indicator resonating with a bullish trend, suggesting short-term operations to buy on dips; BTC 3-hour MACD indicator shows a floating pattern, with prices expected to continue rising;
3. The MACD indicators for Bitcoin in the 4-hour to 6-hour cycle show a floating pattern without roots, indicating a need for price pullbacks. Short-term operations should buy on dips. When the prices in smaller cycles (15-minute, 30-minute candles) pull back to the EMA60 moving average, double bottom, or important neckline support levels, it will be the best opportunity for long position entry 🥰 (Please set stop-loss, fasten your seatbelt, and prepare three protective measures for position recovery – there are teaching courses) {Contract Thinking};
Spot Trading Thinking: When prices pull back to the important support levels marked above, you can lightly place long positions for entry {Spot Thinking};
Investment involves risks, and entering the market requires caution. The above analysis is for reference only! You can also make corresponding layouts for mainstream coins, altcoins, and tokens based on Bitcoin's correlation effect!
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