Crypto Circle Early Events 🥇🥇🥇 2024-11-6
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: around 70241～71073
Support level: around 67851～68851
ETH 4-hour K-line trend:
Resistance level: around 2481～2547
Support level: around 2367～2411
Technical analysis:
Bitcoin's 4-hour K-line shows a volume increase (note the upper neckline resistance at 71072). Yesterday, influenced by the presidential election in the United States, the 4-hour K-line experienced a bottom divergence before rebounding significantly, breaking through the Bollinger middle band (plus the lotus emerging from water pattern). The 2-hour MACD indicator's fast and slow lines also crossed the 0-axis entering a bullish territory, suggesting a bullish outlook for the price; smaller timeframes of 30 minutes and 1 hour MACD indicators are showing a no-root water pattern, indicating a need for a brief price correction. Once the price retraces to the 30-minute or 1-hour EMA60 moving average or key neckline support, it will be the best opportunity to enter long positions for profit 🥰 (Please remember to set stop-losses, buckle your seatbelt, and take protective measures for the three strategies to manage losses) {Contract Thinking}
Short-term trading mindset: If the price retraces to the important support levels marked above, you can place light long orders for entry {Spot Thinking};
Investment involves risks, and caution is needed when entering the market. The above analysis is for reference only! You can also make corresponding arrangements for altcoins based on Bitcoin's ripple effect!
A year's plan starts in spring 🌹
A day's plan starts in the morning 💰
Follow 'Crypto Circle Early Events' 🥇 for easy profit from market watching 🥰
Your 'likes + follows' are my biggest encouragement, thank you!
#BTC
#ETH
