8 AM 🌈 Binance Square ⏰ Live Cryptocurrency Market Early Report
Early Report on Cryptocurrency 🥇 2025-3-2 Sunday 7️⃣
Analysis of Bitcoin and Ethereum trends, wealth code, long and short entry points…
BTC 4-hour K-line trend:
Resistance level: around 86498～88806
Support level: around 83076～80758
ETH 4-hour K-line trend:
Resistance level: around 2286～2400
Support level: around 2171～2070
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line shows a volume contraction rise (as of 7:18 AM), with a head and shoulders bottom pattern 💹; you can prepare long positions or spot layouts based on the annotated support levels in the screenshot;
2. The Bitcoin 3-hour to 2-day cycle's Guppy Trend Indicator shows a resonance 🈳 head trend, short-term operations should sell high 🈳; Bitcoin's weekly MACD indicator's fast and slow lines are above the 0 axis with a dead cross, indicating that the major price action will mainly be a washout and fluctuation;
3. The Bitcoin 3-day K-line cycle's MACD fast line has already broken below the 0 axis into 🈳 territory, indicating a need for further price pullback; short-term operations should sell high 🈳; once the price in the small cycle 2-hour K-line rebounds to the EMA60 moving average, double top pattern, or significant neckline resistance level, it is the best opportunity to enter 🈳 position layout🥰; (Please set stop-loss and ensure safety with three measures for risk management ~ teaching courses available) {Contract Thinking};
Spot trading thinking: if the price pulls back to the above-mentioned important support levels, you can cautiously set long positions {Spot Thinking};
Investing involves risks, market entry requires caution, the above analysis is for reference only! You can also make corresponding layouts for altcoins based on Bitcoin's correlation!
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