8 AM 🌈 Binance Square ⏰ Live Cryptocurrency Morning Report
Cryptocurrency Morning Report 🥇🥇 2025-2-8
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points...
BTC 4-hour K-line trend:
Resistance level: around 98802～100590
Support level: around 93629～95518
ETH 4-hour K-line trend:
Resistance level: around 2753～2858
Support level: around 2400～2500
Technical analysis:
1. Bitcoin's 4-hour cycle K-line is experiencing a volume decrease and decline (as of 7:13 AM), affected by the drop in the closing prices of the three major U.S. stock indices. After a price increase, Bitcoin has once again fallen. Currently, the 4-hour cycle K-line is showing a declining triangle trend, and the subsequent K-line pattern may test the bottom again. Please pay attention to the two short-term support levels marked below, and do not blindly chase higher prices;
2. The daily cycle of Bitcoin has the large, medium, and small cycle Gu Bi trend indicators resonating with a 🈳 head trend, suggesting short-term operations to sell high and take profit 🈳;
3. The 12-hour cycle MACD indicator for Bitcoin shows a bearish leakage pattern. The price still has a demand for further adjustment, and short-term operations should sell high and take profit 🈳. When the price on small cycle 15-minute and 30-minute K-lines rebounds to the EMA60 moving average, double top pattern, or important neckline resistance level, that is the best time to enter the 🈳 position layout🥰; (Please ensure to set stop-losses and take protective measures with the three strategies for exiting positions – there are teaching courses) {Contract Thinking};
Spot trading thinking: When the price retraces to the important support levels marked above, it is advisable to enter with a light position long layout {Spot Thinking};
Investing carries risks, and one must be cautious when entering the market. The above analysis is for reference only! Everyone can also make some corresponding layouts for altcoins based on Bitcoin's correlation effect!
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