Binance Square 8 AM Live Cryptocurrency Early Events

Cryptocurrency Early Events 🥇🥇🥇 2024-12-31

Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…

BTC 4-hour K-line trend:

Resistance level: around 94104～95760

Support level: around 90988～91958

ETH 4-hour K-line trend:

Resistance level: around 3444～3508

Support level: around 3258～3333

Technical analysis:

1. Bitcoin's 4-hour cycle K-line is declining with reduced volume (as of 7:24 AM), the K-line has been consolidating between the 26th and 31st, please note the strong support at the lower channel boundary around 90988~91958;

2. The trend indicators for Bitcoin in the 12-hour and below medium and small cycles are resonating with a downward trend, looking for further declines in price, short-term operational strategy is to short at highs;

3. Bitcoin's 4-hour and 6-hour MACD indicators show a leaking oil pattern, short-term operations should short at highs, if the price bounces back to important resistance levels at small cycle 30-minute, 1-hour EMA 60 moving average, Bollinger upper band, double top pattern, or significant neckline pressure level, it is the best opportunity for entering long positions 🥰; If there is a bottom divergence pattern in the small cycle 15-minute, 30-minute, you can also consider lightly entering long positions to gain short-term profits – the principle is quick in and out 🥰 (please set stop-loss and buckle up for safety, and prepare three measures to hedge against losses) {Contract Thinking};

Short-term operation thinking: If the price retraces to the important support levels marked above, you can lightly set up long positions {Spot Thinking};

Investment has risks, and one must be cautious when entering the market; the above analysis is for reference only! You can also make some corresponding layouts for altcoins based on Bitcoin's correlation effect!

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