Crypto Market Early Events 2025.8.16 Saturday 6️⃣
Market Analysis 🖥 Forecasting Future Trends
Bitcoin and Ethereum Trend Analysis, Wealth Codes, Long and Short Entry Points…
BTC 4-Hour K-Line Support and Resistance:
Resistance Levels: ① 118815 ② 122794 nearby
Support Levels: ① 116385 ② 115164 nearby
ETH 4-Hour K-Line Support and Resistance:
Resistance Levels: ① 4516 ② 4632 nearby
Support Levels: ① 4331 ② 4179 nearby
Technical Analysis:
1. Bitcoin 4-Hour Cycle K-Line has a shrinking volume rise (as of 7:21 AM ~ see screenshot), after rebounding from the trend line, Bitcoin is currently moving in a downward trend with poor volume performance, do not blindly chase highs; at the support levels marked in the screenshot, consider entering long positions or spot purchases;
2. Bitcoin 4-Hour Below Major, Medium, and Small Cycle Resonance 🈳 Head Trend, short-term operations should sell high;
3. Bitcoin 4-Hour Cycle KDJ Indicator has broken below 20 major threshold (oversold area), indicating that the price will continue to move downward; for short-term operations, sell high. Once the price on the smaller cycles (15 minutes, 30 minutes) rebounds to the EMA60 moving average, double tops, or important neckline resistance levels, it will be the best opportunity to lay out the 🈳 position for entry 🥰 (please take stop loss measures and prepare the three-step recovery strategies ~ training courses available) {Contract Thinking};
Spot Operation Thinking: If the price pulls back to the important support levels marked above, consider entering with light long positions {Spot Thinking};
Investment carries risks, proceed with caution; the above analysis is for reference only! You can also consider corresponding layouts for mainstream coins, altcoins, and tokens based on Bitcoin's correlation!
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