Crypto Market Early Occurrences 2025.8.8 Friday 5️⃣
Market Analysis 🖥 Forecasting Future Trends
Bitcoin and Ethereum Trend Analysis, Wealth Code, Long and Short Entry Points…
BTC 4-hour K-Line Support and Resistance:
Resistance Levels: ① 117611 ② 118915 Nearby
Support Levels: ① 116325 ② 114109 Nearby
ETH 4-hour K-Line Support and Resistance:
Resistance Levels: ① 3955 ② 4058 Nearby
Support Levels: ① 3775 ② 3678 Nearby
Technical Analysis:
1. Bitcoin 4-hour cycle K-Line shows a volume decrease and decline (as of 6:21 AM ~ see screenshot). After Bitcoin 4-hour K-Line broke through the important trend line resistance level near 117223, it is currently pulling back. The volume performance is not good, so avoid blindly chasing highs. Consider entering long positions or spot layouts at the marked support levels in the screenshot;
2. Bitcoin 6-hour and below medium and small cycles show a bullish trend with the Guppy trend indicator, short-term operations should be buying on dips;
3. Bitcoin 1-hour to 12-hour cycle KDJ indicator is running in the overbought area above 80 (overbought space area), continue to look for price increases 📈. For short-term operations, buy on dips. If the price on smaller cycles like 15 minutes or 30 minutes pulls back to the EMA60 moving average, double bottom, or important neckline support levels, it would be the best opportunity to enter long positions 🥰 (please set stop-losses and ensure safety with three protective measures against losses ~ there are teaching courses) {Contract Thinking};
Spot trading thinking: If the price pulls back to the important support levels marked above, consider entering long positions with light positions {Spot Thinking};
Investment carries risk, and caution is needed when entering the market. The above analysis is for reference only! You can also make corresponding layouts for mainstream coins, altcoins, and tokens based on the correlation effect of Bitcoin!
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