Bitcoin's large cycle is in a good shape, about to take off again 🛫
Crypto Circle Early Events 2025.7.23 Tuesday 3️⃣
Analyzing the market trends 🖥 Forecasting future trends
Bitcoin and Ethereum trend analysis, wealth code, long and short ambush points…
BTC 4-hour K-line support and resistance:
Resistance levels: ① 119590 ② 120447 nearby
Support levels: ① 117240 ② 115385 nearby
ETH 4-hour K-line support and resistance:
Resistance levels: ① 3765 ② 3826 nearby
Support levels: ① 3626 ② 3550 nearby
Technical analysis:
1. Bitcoin 4-hour cycle K-line shows a decrease in volume while rising (as of 6:06 AM ~ see screenshot), Bitcoin 4-hour K-line shows a 'W' bottom double bottom pattern, current volume performance is poor, do not blindly chase high prices, consider making long positions or spot layouts at the support levels marked in the screenshot;
2. Bitcoin daily line shows resonance of bullish trend indicators across large, medium, and small cycles, short-term operations should be made during the dip;
3. Bitcoin 6-hour cycle MACD indicator shows a golden cross pattern (floating on water), expecting price to continue rising 📈, short-term operations should be made during the dip, when the price on small cycles 15-minute and 30-minute K-line retraces to the EMA60 average line, double bottom, or important neck support levels, it will be the best opportunity for long position layouts 🥰 (please remember to set stop-loss, fasten your seatbelt, and prepare protective measures for the three-step rescue ~ there are teaching courses) {Contract Thinking};
Spot trading thinking: when the price retraces to the important support levels marked above, you can lightly place long orders for entry {Spot Thinking};
Investment involves risks, and caution is required when entering the market. The above analysis is for reference only! You can also make corresponding layouts for mainstream coins, next mainstream coins, and altcoins based on Bitcoin's correlation effect!
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