Crypto Circle Early Events: Analysis of Market Trends 🖥 Forecasting Future Trends
⏰ 8 AM 🌈 Binance Square 🌈 Live Crypto Circle Early Events 2025-3-19 Wednesday 3️⃣
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-Hour K-Line Trend:
Resistance Level: Around 84591~85757
Support Level: Around 82275~80206
ETH 4-Hour K-Line Trend:
Resistance Level: Around 1969~2080
Support Level: Around 1871~1813
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line shows a volume decrease and price increase (as of 6:48 AM), the 4-hour K-line price is oscillating within a box pattern, with poor volume performance. Please pay attention to the marked resistance level above, do not chase high blindly. You can consider going long or laying out spot positions at the support level indicated in the screenshot;
2. The trend indicators in the larger, medium, and smaller timeframes below the Bitcoin daily line resonate with the upward trend, short-term operations can go long on highs; the Bitcoin weekly K-line MACD indicator shows a dead cross above the 0 axis, indicating a rootless water shape, and it is expected that Bitcoin's price will still be dominated by wash trading and oscillation in the future;
3. The volume indicator for the Bitcoin 4-hour K-line cycle is severely insufficient, showing a volume decrease and price increase, which raises suspicion of a trap for longs. The price may need to continue to adjust, and for short-term operations, you can go long on highs. When the 30-minute small cycle K-line price pulls back and rebounds to the EMA60 moving average, double top, or other important neckline resistance levels, it is the best opportunity to set up long positions 🥰; (Please set stop-losses and fasten your seatbelt, and take protective measures with the three steps to resolve positions – there are teaching courses) {Contract Thinking};
Spot trading thinking: When the price pulls back to the important support levels marked above, you can lightly set long positions {Spot Thinking};
Investment carries risks, and one must be cautious while entering the market. The above analysis is for reference only! You can also make some corresponding arrangements for altcoins based on Bitcoin's correlation effect!
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