Crypto World Early Events 2025.8.2 Saturday 6️⃣
Market Trend Analysis 🖥 Forecasting Future Trends
Bitcoin and Ethereum Trend Analysis, Wealth Code, Long and Short Entry Points…
BTC 4-Hour Candlestick Support and Resistance:
Resistance Levels: ① 115504 ② 117019 Nearby
Support Levels: ① 113466 ② 110821 Nearby
ETH 4-Hour Candlestick Support and Resistance:
Resistance Levels: ① 3575 ② 3675 Nearby
Support Levels: ① 3373 ② 3241 Nearby
Technical Analysis:
1. Bitcoin has seen a volume decrease in the 4-hour candlestick (as of 6:19 AM ~ see screenshot), after a pullback to the trend line resistance, it continues to exhibit a downward trend. Currently, the volume performance is poor; do not blindly chase high prices. Consider entering long positions or spot trades at the support levels marked in the screenshot;
2. Bitcoin's indicators across 12 hours and below are showing a positive trend resonance 🈳, consider selling high in short-term operations;
3. The 12-hour MACD indicator for Bitcoin is showing a leaking oil pattern, indicating a continued demand for price correction. For short-term operations, consider selling high, particularly when the price on smaller timeframes (15 minutes, 30 minutes) bounces back to the EMA60 moving average, double tops, or important neck line resistance levels, as this presents the best opportunity to enter 🈳 positions🥰 (please remember to set stop losses and secure your position with three protective measures ~ teaching courses available) {Contract Thinking};
Spot Trading Mindset: If the price corrects to the important support levels marked above, consider entering long positions with light positions {Spot Thinking};
Investment carries risks; exercise caution when entering the market. The above analysis is for reference only! Everyone can also make corresponding arrangements for mainstream coins, secondary mainstream coins, and altcoins based on Bitcoin's correlation effect!
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