8 AM 🌈 Binance Square ⏰ Live Cryptocurrency Early Updates
Cryptocurrency Early Updates 🥇🥇 2025-2-6
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points...
BTC 4-hour candlestick trend:
Resistance level: around 98802～100590
Support level: around 93629～95518
ETH 4-hour candlestick trend:
Resistance level: around 2918～3050
Support level: around 2567～2658
Technical analysis:
1. Bitcoin 4-hour candlestick has decreased in volume (as of 6:10 AM), influenced by the China-U.S. tariff trade war and the speech of the beautiful country's AI and cryptocurrency supervisor David Sachs, the market lacks confidence in the rise, and the Bitcoin 4-hour candlestick price is in a downtrend (liquidation), please pay attention to the two short-term support levels marked below, do not blindly chase highs;
2. In the Bitcoin daily cycle, the major, medium, and small cycle indicators resonate with a downward trend, short-term operations should look for opportunities to sell on rallies;
3. The MACD indicator for Bitcoin in the 4-hour cycle has a death cross below the zero line, the MACD fast line in the daily cycle has already broken below the zero line, and the 3-day MACD indicator is showing a leaking oil pattern (expecting further downward movement), the price still has a demand for continued pullback, short-term operations should look for opportunities to sell on rallies, when the price in smaller cycles (15 minutes, 30 minutes) pulls back and rebounds to the EMA60 moving average, double top pattern, or important neckline resistance level, it is the best time to enter a short position 🥰; (Please set stop-losses and prepare protective measures for the three strategies to escape losses) {Contract Thinking};
Spot trading thinking: If the price pulls back to the important support levels noted above, you can enter with light positions for long trades {Spot Thinking};
Investment carries risks, proceed with caution, the above analysis is for reference only! You can also make corresponding arrangements for altcoins based on the correlation effects of Bitcoin!
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