8 AM 🌈 Binance Square ⏰ Live Cryptocurrency Morning Report
Cryptocurrency Morning Report 🥇 2025-2-23 Sunday 7️⃣
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: around 97005~98805
Support level: around 94691~93403
ETH 4-hour K-line trend:
Resistance level: around 2787~2845
Support level: around 2720~2681
Technical analysis:
1. Bitcoin 4-hour cycle K-line shrank and fell (as of 7:12 AM), the 4-hour K-line is currently oscillating in a box shape, and the volume performance is poor. Do not blindly chase highs, please pay close attention to the two support levels marked in the screenshot;
2. In the daily cycle of Bitcoin, the following large, medium, and small cycle trends indicators resonate with a 🈳 head trend. For short-term operations, sell high and do 🈳; the MACD indicator fast and slow lines of Bitcoin weekly are dead cross above the 0 axis, and it is expected that the price of Bitcoin will continue to be dominated by washing and oscillation in the future;
3. The fast line of the MACD indicator in the Bitcoin 4-hour cycle is currently breaking below the 0 axis, indicating a demand for continued price adjustment. For short-term operations, sell high and do 🈳. When the price in the small cycle 30-minute and 1-hour K-line pulls back and rebounds to the EMA60 moving average, double top shape, or important neckline resistance level, it is the best opportunity to layout the 🈳 order🥰; (Please set a stop loss, fasten your seatbelt, and take protective measures for the three steps of unwrapping – there are teaching courses) {Contract Thinking};
Spot trading thinking: when the price pulls back to the important support levels marked above, you can lightly place long orders to lay out positions {Spot Thinking};
Investment involves risks, and entering the market requires caution. The above analysis is for reference only! You can also make some corresponding layouts for altcoins based on the correlation effect of Bitcoin!
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