Crypto Market Early Events: Analysis of Market Trends 🖥 Forecasting Future Trends
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Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points...
BTC 4-hour K-line trend:
Resistance level: Around 85765~87932
Support level: Around 82228~79379
ETH 4-hour K-line trend:
Resistance level: Around 1969~2080
Support level: Around 1871~1813
Technical Analysis:
1. Bitcoin's 4-hour K-line shows a decrease in volume and a price drop (as of 7:13 AM), with the price retracing near the neckline resistance level of 84667. Please pay attention to the resistance levels marked above, and do not blindly chase high prices. The support levels marked in the screenshot can be considered for long positions or spot arrangements;
2. Bitcoin's short-term indicators below the 3-hour period show a resonating bullish trend. For short-term operations, buy on dips; Bitcoin's weekly K-line MACD indicator shows a dead cross above the 0 axis, indicating a rootless water pattern, and it is expected that Bitcoin's price will primarily fluctuate with washouts in the future;
3. Bitcoin's 30-minute period MACD indicator indicates a rootless water pattern, and there is a demand for further price retracement. For short-term operations, buy on dips. Once the 30-minute K-line price retraces to the EMA60 moving average, double bottom, or other important neckline support levels, it will be the best opportunity for entering long positions 🥰; (Please set stop-loss, fasten your seatbelt, and take protective measures with three strategies for unlocking positions ~ there are teaching courses) {Contract Thinking};
Spot trading thinking: When the price retraces to the important support levels marked above, you can consider lightly placing long positions {Spot Thinking};
Investment carries risks; proceed with caution. The above analysis is for reference only! Everyone can also make some corresponding arrangements for altcoins based on Bitcoin's correlation effect!
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