Crypto Market Early Events 🥇🥇🥇2024-10-26
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: around 67427～68349
Support level: around 64803～65949
ETH 4-hour K-line trend:
Resistance level: around 2510～2572
Support level: around 2400～2450
Technical analysis:
Bitcoin's 4-hour cycle K-line shows a volume drop (note the important neck line support level around 65949), the larger 12-hour KDJ indicator's J line does not exceed 80 (no further increase possible), turning down below 50 forming a dead cross leading to a downward trend; the 12-hour MACD indicator shows oil leakage in the air and rootless water formation, accelerating the price downward trend, short-term operations aim to short at highs, and once the price rebounds to the 30-minute or 1-hour Bollinger middle track or important neck line resistance level, it is the best opportunity for short positions to profit 🥰! (Please set stop-losses, fasten your seatbelt, and take protective measures for the three-step solution) {Contract Thinking}
Short-term operation thinking: If the price retraces to the above-marked important support levels, you can set a light long position for entry {Spot Thinking};
Investing carries risks, entering the market requires caution, and the above analysis is for reference only! You can also make corresponding layouts for altcoins based on Bitcoin's correlation effect!
A year's plan starts in spring 🌹
A day's plan starts in the morning 💰
Follow "Crypto Market Early Events" 🥇 to watch charts and earn easily 🥰
Your “like + follow” is my greatest encouragement, thank you!
#BTC
#ETH
