Crypto Market Early Events 2025.7.16 Wednesday 3️⃣
Market Analysis 🖥 Forecasting Future Trends
Bitcoin and Ethereum Trend Analysis, Wealth Secrets, Long and Short Entry Points…
BTC 4-Hour K-Line Support and Resistance:
Resistance Level: 1️⃣1190122️⃣120941 Area
Support Level: 1️⃣1153712️⃣113467 Area
ETH 4-Hour K-Line Support and Resistance:
Resistance Level: 1️⃣31482️⃣3187 Area
Support Level: 1️⃣30782️⃣3040 Area
News Analysis: Last night at 20:30, the US CPI data was released, slightly positive, and US stock futures increased;
Technical Analysis:
1. Bitcoin 4-Hour Cycle K-Line shows a decrease in volume with a rise (as of 6:36 AM – see screenshot). Bitcoin's 4-Hour K-Line is forming a head and shoulders pattern; watch out for risks from the right shoulder resistance level retracement. Currently, the volume performance is not good, do not blindly chase high prices; consider making long positions or spot entries at the support levels marked in the screenshot;
2. Bitcoin's 15-Minute and below cycle shows a bullish trend with the Gubbi trend indicator, operate on the low side for short-term trades;
3. Bitcoin's 4-Hour to 6-Hour MACD indicators show a rootless water pattern, indicating a price retracement demand; operate on the low side for short-term trades. Once the price in the small cycles of 15 minutes and 30 minutes retraces to the double bottom or important neck line support levels, it will be the best opportunity for long position entries 🥰 (please set stop-loss and buckle up for safety with three strategies for risk management – there are teaching courses) {Contract Thinking};
Spot Trading Thinking: If the price retraces to the important support levels marked above, you can lightly place long positions {Spot Thinking};
Investment has risks, enter the market with caution, the above analysis is for reference only! You can also make corresponding arrangements for mainstream coins, altcoins, and tokens according to the correlation effects of Bitcoin!
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