#Crypto Market Early Events 🥇🥇🥇2024-11-7
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points...
BTC 4-hour candlestick trend:
Resistance level: around 77870～79819
Support level: around 73035～74857
ETH 4-hour candlestick trend:
Resistance level: around 2742～2802
Support level: around 2588～2641
Technical analysis:
Bitcoin's 4-hour cycle candlestick has seen a significant rise (note the neckline resistance level around 76310). In the past two days, influenced by the presidential election in Beautiful Country, Bitcoin's price has repeatedly hit new highs, which is the result everyone has been anticipating – all coins bloom, miracles are created;
Currently, the Bitcoin trend indicator shows a bullish trend in multiple cycles for large, medium, and small time frames, and the price is still expected to rise further. We should go with the flow, walk with the trend, and dance with the market makers to remain undefeated in the long run; of course, opportunities and risks coexist equally. When Bitcoin's price continues to create new highs and excitement rises, we must also remember that risks are always alongside us. Currently, the Bitcoin daily cycle is showing a third top divergence pattern, and there is a demand for a temporary price correction. In short-term operations, we should buy on dips; once the price corrects to the small cycle 30-minute or 1-hour EMA 60 moving average or key neckline support level, it will be the best opportunity to enter long positions and profit 🥰 (please set stop losses and fasten your seatbelt, and take precautions to resolve issues).
{Contract Thinking}
Short-term operation mindset: Price corrections to the important support levels marked above can allow for light positions in long orders.
{Spot Thinking};
Investment carries risks; one must be cautious in the market. The above analysis is for reference only! You can also make corresponding arrangements for altcoins based on Bitcoin's correlation effect!
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#Crypto Market Early Events
