Crypto Market Early Events: Analyzing Market Trends 🖥 Predicting Future Trends
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Crypto Market Early Events 🥇 2025-3-9 Sunday
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line Trend:
Resistance Level: Around 88875~91455
Support Level: Around 84639~81847
ETH 4-hour K-line Trend:
Resistance Level: Around 2259~2320
Support Level: Around 2080~2006
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line is experiencing a volume decrease while rising (as of 7:08 AM), the 4-hour K-line is in a sideways consolidation, and the volume is insufficient. Please pay attention to the indicated resistance level above, and do not blindly chase highs. Consider going long or making spot purchases at the indicated support level in the screenshot;
2. Bitcoin's daily line shows resonance in the mid and small cycles with the Gu Bi trend indicator, short-term operations should sell on highs; Bitcoin's weekly K-line MACD indicator shows a dead cross above the 0-axis in a high position with no root water shape, and it is expected that Bitcoin's price will mainly experience wash trading and fluctuations in the future;
3. Bitcoin's 2-day K-line cycle KDJ indicator shows that the main force is not above 50 Da Du He, and the price is expected to continue to watch for sell opportunities. In short-term operations, sell on highs, and when the price in the 30-minute and 1-hour small cycle K-line retraces and rebounds to the EMA60 moving average, double-top shape, or important neckline resistance level, it is the best opportunity to enter the market for sell positions 🥰; (Please set stop losses, fasten your seatbelt, and take protective measures for the three strategies to get out of positions ~ there are teaching courses) {Contract Thinking};
Spot Trading Thinking: If the price retraces to the important support levels indicated above, light positions can be placed for long entry {Spot Thinking};
Investing involves risks, and one must be cautious when entering the market. The above analysis is for reference only! You can also make corresponding layouts for altcoins based on the correlation effect of Bitcoin!
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