Crypto Circle Early Events 🥇🥇🥇2024-11-1
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance Level: 71473～72898 nearby
Support Level: 68774～69536 nearby
ETH 4-hour K-line trend:
Resistance Level: 2577～2641 nearby
Support Level: 2440～2489 nearby
Technical Analysis:
Bitcoin's 4-hour cycle K-line was influenced by the 12-hour top divergence pattern yesterday, leading to a volume drop; currently, it is in a wedge rising space area, undergoing consolidation; the MACD indicators for Bitcoin on the 3-hour, 4-hour, and 6-hour cycles are all in a rootless water pattern, indicating that there is still demand for price correction in the future. For short-term operations, short on highs; if the price bounces back to the 30-minute, 1-hour EMA60 moving average or key neckline resistance level, it would be the best time to ambush and profit on short positions 🥰. If a bottom divergence pattern appears on the small cycle of 30 minutes or 1 hour, and the price breaks below the previous low, one can also ambush and enter long positions to gain short-term profits. Short-term operations should be quick in and out, take profits when the opportunity arises! (Please set stop-losses and secure your seatbelt, and have three protective measures ready to unwind) {Contract Thinking}
Short-term operation thinking: When the price corrects to the important support levels marked above, one can take light positions and set long orders to enter {Spot Thinking};
Investment involves risks, and entering the market requires caution; the above analysis is for reference only! Everyone can also make corresponding arrangements for altcoins based on Bitcoin's correlation effect!
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