8 AM 🌈 Binance Square ⏰ Live Cryptocurrency Early Updates
Cryptocurrency Early Updates 🥇🥇 2025-2-5
Analysis of Bitcoin and Ethereum trends, wealth secrets, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: around 98836～100674
Support level: around 95117～96836
ETH 4-hour K-line trend:
Resistance level: around 2805～2900
Support level: around 2566～2642
Technical analysis:
1. Bitcoin's 4-hour cycle K-line shows a volume decline (as of 7:18 AM), influenced by the China-US tariff trade war and comments from AI and cryptocurrency regulator David Sachs from the US, causing market confidence in rising prices to be insufficient. Bitcoin's price has once again fallen, and the 4-hour cycle K-line is still trending down below the EMA30 lifeline. Please pay attention to the three short-term support levels marked below, and do not blindly chase highs;
2. The trend indicators for Bitcoin across large, medium, and small cycles below 12 hours are in a bearish resonance 🈳 trend, and short-term operations should sell on highs 🈳;
3. The MACD indicators for Bitcoin's daily and 3-day cycles are both showing a leaking oil pattern (future prices are still expected to decline 🈳), indicating a continued need for price adjustment. Short-term operations should sell on highs 🈳, and when the price in the small cycles (30 minutes, 1 hour K-line) rebounds to the EMA60 moving average, double top pattern, or important neck line resistance level, it is the best time to layout a sell order 🥰; (Please set stop-losses and take safety measures to prepare for three ways to escape losses) {Contract Thinking};
Spot trading thinking: if the price retraces to the important support levels marked above, you can set a light long order to enter {Spot Thinking};
Investment carries risks, and one must 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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