Analysis of Bitcoin and Ethereum price movements, wealth codes, long and short ambush points…
BTC 4-hour K-line movement: Resistance level: around 84591~85757 Support level: around 82275~80206
ETH 4-hour K-line movement: Resistance level: around 1969~2080 Support level: around 1871~1813
Technical Analysis: 1. Bitcoin 4-hour cycle K-line shows a volume decrease in price decline (as of 6:42 AM), the 4-hour K-line price is oscillating within a box shape, and the volume performance is poor. Please pay attention to the indicated resistance level above, do not blindly chase high prices; consider going long or spot layout at the indicated support level in the screenshot; 2. Bitcoin’s shorter cycles below 4 hours show a bullish trend resonating with the trend indicator, suggesting to go long on dips for short-term trades; Bitcoin's weekly K-line MACD indicator shows a dead cross above the 0-axis in a high position, indicating that the big price will mainly oscillate and wash out; 3. The 3-hour MACD indicator of Bitcoin shows a golden cross (floating on the water) shape, but the 15-minute MACD indicator shows a shape with no root in water, indicating a need for price correction. For short-term trades, go long on dips. Once the price in the 15-minute small cycle K-line retraces to the EMA60 moving average, double bottom, or other important neckline support levels, it will be the best opportunity to enter long positions 🥰; (Please include a stop-loss, fasten your seatbelt, and take protective measures with the three strategies to resolve the position - there are teaching courses) {Contract Thinking}; Spot trading mindset: when the price retraces to the important support levels indicated above, it can be a good opportunity to place small long positions {Spot Mindset};
Investment carries risks, and entering the market requires caution. The above analysis is for reference only! You can also make corresponding layouts for altcoins based on Bitcoin's correlation effect!
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