#Crypto Market Early Events🥇🥇2025-2-4
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points...
BTC 4-hour K-line trend:
Resistance level: Around 103152~106405
Support level: Around 97019~99415
ETH 4-hour K-line trend:
Resistance level: Around 2805~2973
Support level: Around 2542~2643
Technical analysis:
1. Bitcoin's 4-hour cycle K-line shows a decrease in volume (as of 5:36 AM). Yesterday, the price of Bitcoin experienced a sharp decline before quickly reversing in a V-shape near the bottom at 91130 USD. Currently, the volume for the 4-hour K-line cycle is decreasing, showing poor performance. Please pay attention to the marked support levels below and do not blindly chase highs;
2. In smaller cycles below 4 hours, the trend indicators resonate with bullish momentum, and short-term operations should buy on dips;
3. The KDJ indicators for the 1-hour to 2-hour cycles of Bitcoin are all running above 80, in the overbought area, indicating limited upward space (with a tendency for continuous increase📈). However, the MACD indicator for the 15-minute cycle shows a 'no-root' water pattern, indicating a need for a brief price adjustment. Short-term operations should buy on dips. If the price in the smaller 15-minute or 30-minute K-lines retraces to the EMA60 moving average, double bottom pattern, or significant neck support levels, it would be the best opportunity to enter long positions🥰; (Please set stop-losses and take protective measures to avoid losses) {Contract Thinking};
Spot operation thinking: If the price retraces to the important support levels marked above, a light position can be set for long orders {Spot Thinking};
Investment involves risks, and caution is needed when entering the market. The above analysis is for reference only! You can also make corresponding arrangements for altcoins based on Bitcoin's linkage effect!
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