Binance Square 8 AM Live Cryptocurrency Early Events
Cryptocurrency Early Events 🥇🥇🥇 2025-1-8
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points...
BTC 4-hour K-line Trend:
Resistance Level: Around 97696～99979
Support Level: Around 94345～95474
ETH 4-hour K-line Trend:
Resistance Level: Around 3444～3498
Support Level: Around 3315～3374
Technical Analysis:
1. Bitcoin 4-hour cycle K-line has experienced a volume decrease and is rising (as of 7:11 AM). The 4-hour K-line experienced a top divergence yesterday, with the price deeply correcting and breaking below the support level of the price channel around 97700. Currently, it is still oscillating at the high point of the price channel, with poor volume performance and weak rebound. Please pay attention to the price channel resistance level around 97969, do not blindly chase high prices, and be cautious of risks;
2. Bitcoin’s indicators below the 6-hour cycle are in resonance with the Guibi trend, short-term operational strategy to go short at high levels;
3. The Bitcoin 4-hour MACD indicator is showing a shape of ‘no root water’, indicating a temporary need for price correction. In the later stages, the price may go short at high levels. If the price retraces and rebounds to the 15-minute and 30-minute EMA60 moving averages, double top formation, or important neckline resistance level, it would be the best opportunity to enter short positions 🥰; if a bottom divergence pattern appears in the 15-minute small cycle, consider entering long positions with light positions for small wave profits 🥰 (please use stop-loss to secure your position and take protective measures with the three strategies for exiting) {Contract Thinking};
Short-term operational thinking: If the price corrects to the important support levels marked above, you can enter long positions with light positions {Spot Thinking};
Investment carries risks, and entering the market requires caution; the above analysis is for reference only! You can also consider corresponding layouts for altcoins based on the correlation effects of Bitcoin!
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