Crypto Circle Early Events 🥇🥇🥇2024-12-21
Bitcoin, Ethereum trend analysis, wealth codes, long and short ambush points...
BTC 4-hour K-line trend:
Resistance Level: around 99344～101493
Support Level: around 92473～94229
ETH 4-hour K-line trend:
Resistance Level: around 3521～3614
Support Level: around 3109～3256
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line has seen a volume decrease and an upward trend (as of 7:55 AM). The price of Bitcoin's 30-minute cycle K-line has experienced a rebound after a bottom divergence pattern and is currently facing significant neck line resistance near 98945. The volume rebound is weak, so avoid heavy positions before a breakthrough. Observe more and act less, and watch for changes;
2. Bitcoin’s 1-6 hour cycle Gub trend indicator resonates with the upward trend; short-term operations should short at highs;
3. The MACD indicator for Bitcoin in the 1-6 hour cycles is all in a weak area, and the small cycle patterns below 6 hours have changed (resonating downtrend). Short-term trading strategy should short at highs; when the price rebounds to the right shoulder resistance of the small cycle 1-hour head and shoulders pattern, double top resistance, or significant neck line resistance, it is the best opportunity to enter short positions 🥰; if a bottom divergence pattern reappears in the small cycles of 15 minutes or 30 minutes, consider light long position setups 🥰 (please set stop-loss, fasten your seatbelt, and take protective measures for the three ways to exit) {Contract Thinking};
Short-term trading thinking: price corrections to the important support levels marked above can allow for light long position setups {Spot Thinking};
Investment involves risks; please be cautious when entering the market. The above analysis is for reference only! You can also make some corresponding layouts for altcoins based on Bitcoin's correlation effect!
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#BTC
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