Cryptocurrency Early Events 2025.8.23 Saturday 6️⃣
Market Analysis🖥 Forecasting Future Trends
Bitcoin and Ethereum Trend Analysis, Wealth Secrets, Long and Short Entry Points…
BTC 4-hour K-line Support and Resistance:
Resistance Levels: ①118232 ②120281 Nearby
Support Levels: ①114750 ②112489 Nearby
ETH 4-hour K-line Support and Resistance:
Resistance Levels: ①4950 ②5192 Nearby
Support Levels: ①4670 ②4559 Nearby
News Analysis:
Major Direction 🎈 Federal Reserve Chairman Powell's speech last night at the Jackson Hole Central Bank Conference ~ Bullish, looking optimistic for the future, buy on dips 📈📈📈📈; Ethereum hits an all-time high of $4888, price outlook remains bullish;
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line has shown a decrease in volume while rising (as of 6:29 AM ~ see screenshot), influenced by news events last night, Bitcoin soared, currently volume performance is poor, please pay attention to the upper resistance levels, do not blindly chase high prices, consider entering long positions or spot purchases at the indicated support levels in the screenshot;
2. Bitcoin's shorter cycles below 3 hours show a resonating bullish trend in the Gu Bi trend indicators, short-term operations buy on dips;
3. Bitcoin's 1-hour to 6-hour cycle KDJ indicators are all running above 50 (bullish territory), subsequent prices continue to look bullish, short-term operations buy on dips, once the 15-minute and 30-minute K-line prices pull back 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-loss and secure your seatbelt and implement protective measures for the three strategies to avoid losses ~ there are teaching courses) {Contract Thinking};
Spot Trading Mindset: When the price pulls back to the important support levels marked above, you can place light long positions to enter the market {Spot Mindset};
Investment involves risk, and caution is advised when entering the market; the above analysis is for reference only! You can also make corresponding layouts for some mainstream coins, alternate mainstream coins, and altcoins based on Bitcoin's correlation effect!
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