Binance Square 8 AM Live Cryptocurrency Morning Report
Cryptocurrency Morning Report🥇🥇🥇2025-1-7
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance Level: Around 102356～103726
Support Level: Around 98314～99974
ETH 4-hour K-line trend:
Resistance Level: Around 36726～3802
Support Level: Around 3541～3609
Technical Analysis:
1. Bitcoin's 4-hour K-line has increased in volume (as of 7:34 AM), and after breaking through the resistance level of 101065, it has pulled back (volume reduction pullback). Currently, volume is insufficient, please pay attention to the resistance level near 102356;
2. Bitcoin's long, medium, and short-term trend indicators are resonating with a bullish trend, short-term strategy is to buy on dips;
3. Bitcoin's 1-hour to 12-hour KDJ indicators are all above 80 (overbought stagnant rising space), multi-timeframe resonance suggests a bullish trend, expected price to continue rising 📈, however, the current 30-minute MACD indicator is showing a no-root water pattern, indicating a need for a short-term price pullback. Once the price pulls back to the small timeframe 15-minute, 30-minute EMA60 moving average, Bollinger lower band, double bottom pattern, or important neck line support level, it will be the best opportunity for long position entry🥰 (Please set stop-loss, secure your seatbelt, and prepare three protective measures for liquidation) {Contract Thinking};
Short-term operation thinking: Price pullbacks to the above marked important support levels can allow for light-position long entries {Spot Thinking};
Investment has risks, market entry requires caution, the above analysis is for reference only! You can also make some corresponding layouts for altcoins based on Bitcoin's correlation!
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