Crypto Market Morning Update: Analyzing Market Trends 🖥 Predicting Future Trends
⏰ 8 AM 🌈 Binance Square 🌈 Live Crypto Market Morning Update 2025-3-21 Friday 5️⃣
Analysis of Bitcoin and Ethereum Price Trends, Wealth Codes, Long and Short Entry Points…
BTC 4-hour K-line Trend:
Resistance Level: 84703~86640
Support Level: 83310~82030
ETH 4-hour K-line Trend:
Resistance Level: 2080~2171
Support Level: 1969~1871
Technical Analysis:
1. Bitcoin 4-hour cycle K-line is showing a downward trend on reduced volume (as of 6:58 AM). The 4-hour K-line price rose to the neckline resistance level around 87100 before starting to form a “V” shape correction. Currently, the volume is insufficient, please pay attention to the marked resistance levels above, and do not blindly chase highs. Consider entering long positions or spot layouts at the support levels marked in the screenshot;
2. The Bitcoin 12-hour to 2-day trend indicator shows a resonance in the trend, with short-term operations selling at highs; The Bitcoin weekly K-line MACD indicator's fast and slow lines are showing a dead cross above the 0 axis, expected to continue in a washing and oscillating pattern;
3. The Bitcoin 2-hour to 4-hour MACD indicators are showing a rootless water pattern, indicating a continued need for price correction. For short-term operations, sell at highs. Once the 30-minute small cycle K-line price retraces and rebounds to the EMA60 moving average, double tops, or other important neckline resistance levels, it presents the best opportunity to enter the position for 🈳 orders🥰; (Please set a stop loss and secure your seatbelt, and prepare the three rescue measures - there are teaching courses) {Contract Thinking};
Spot Trading Thinking: Once the price retraces to the important support levels marked above, consider lightly entering long positions {Spot Thinking};
Investing involves risks, and one must be cautious when entering the market. The above analysis is for reference only! You can also consider making corresponding layouts for altcoins based on Bitcoin's correlation effect!
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