Crypto Market Early Events 2025.5.31 Dragon Boat Festival Well-being
Market Analysis 🖥 Forecasting Future Trends
Bitcoin and Altcoin Trend Analysis, Wealth Codes, Long and Short Attack Points…
BTC 4-hour K-line Trend:
Resistance Level: Around 105903～107466
Support Level: Around 102672～100455
ETH 4-hour K-line Trend:
Resistance Level: Around 2577～2616
Support Level: Around 2509～2465
Technical Analysis:
1. Bitcoin 4-hour Cycle K-line Decreased Volume Downtrend (as of 6:48 AM - see screenshot), 4-hour K-line is on a downward trend in the channel box, current volume performance is poor. Please pay attention to the marked resistance levels above, do not blindly chase high prices. Consider going long or making spot arrangements at the support levels indicated in the screenshot;
2. Bitcoin's 6-hour and lower medium and small cycle indicators are resonating with the upward trend. Short-term operations should sell at high prices; the 2-day KDJ indicator K-line has dropped below 80, those with spot positions should reduce their holdings (including mainstream coins and altcoins);
3. Bitcoin's 1-hour to 2-hour cycle MACD indicators are showing an empty oil leak pattern, and the price has a demand for further correction. Short-term operations should sell at high prices. If the price in the 15-minute or 30-minute small cycle rebounds to the EMA60 moving average, double tops, or important neck line resistance levels, it is the best opportunity to enter the market with a short position 🥰; (Please set a stop-loss, buckle your seatbelt, and take measures to protect yourself with the three steps of unlocking - there are teaching courses) {Contract Thinking};
Spot Operation Thinking: When the price pulls back to the important support levels marked above, you can lightly place long orders to enter the market {Spot Thinking};
Investment has risks, and entering the market requires caution. The above analysis is for reference only! You can also make corresponding arrangements for some mainstream coins, sub-mainstream coins, and altcoins based on the correlation effect of Bitcoin!
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