#8 AM🌈Binance Square⏰Live Stream of Cryptocurrency News in the Morning
Cryptocurrency News in the Morning🥇🥇2025-2-10
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short attack points…
BTC 4-hour K-line trend:
Resistance level: around 97058～98802
Support level: around 93731～95518
ETH 4-hour K-line trend:
Resistance level: around 2672～2738
Support level: around 2486～2567
Technical analysis:
1. Bitcoin's 4-hour cycle K-line has shown a volume drop (as of 6:49 AM), the 4-hour cycle K-line has been in a triangular consolidation, please do not blindly chase highs, closely monitor the two support levels marked in the screenshot;
2. The trend indicators across various timeframes for Bitcoin are resonating with an upward trend, short-term operations should sell on highs;
3. The slow line of the MACD indicator for Bitcoin's daily cycle has already dropped below the 0 line, and the 2-day moving average MACD indicator shows a rootless water shape, indicating a continued need for adjustment in the future, short-term operations should sell on highs, when the price in the smaller cycles of 3 minutes and 1 hour retraces and rebounds to the EMA60 moving average, double top pattern, or important neckline resistance level, that will be the best opportunity to set up a short position🥰; (Please ensure stop-loss, fasten your seatbelt, and take protective measures with three strategies to mitigate losses ~ there are teaching courses) {Contract thinking};
Spot trading thinking: If the price retraces to the important support levels marked above, you can lightly set up a long position {spot thinking};
Investing has risks, and entering the market requires caution, the above analysis is for reference only! You can also make some corresponding arrangements for altcoins based on Bitcoin's correlation effect!
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