Crypto Market Early Updates 🥇🥇🥇2024-12-14
Analysis of Bitcoin and Ethereum price trends, wealth secrets, long and short ambush points…
BTC 4-hour candlestick trend:
Resistance level: around 102279～104003
Support level: around 99808～100702
ETH 4-hour candlestick trend:
Resistance level: around 3960～4036
Support level: around 3785～3850
Technical analysis:
1. Bitcoin’s 4-hour candlestick shows a decrease in volume (🈶 potential short squeeze), currently oscillating in a wedge-shaped upward channel, please note the neckline resistance around 102279;
2. Bitcoin’s various time frames exhibit a converging bullish trend; short-term trading should buy on dips 💹;
3. The MACD indicators for Bitcoin across various time frames are all operating above the zero line (converging bullish trend), but the 30-minute MACD shows a weak trend, indicating a temporary price pullback is needed. The short-term trading strategy is to buy on dips. A price pullback to the 15-minute or 30-minute EMA60 moving average or significant neckline support would be the best opportunity to enter long positions 🥰 (please set stop-loss and prepare three measures for risk management) {contract thinking};
Short-term trading mindset: A price pullback to the important support levels marked above allows for light positions to be taken {spot thinking};
Investing carries risks, and caution is advised when entering the market. The above analysis is for reference only! You can also consider some altcoin allocations based on Bitcoin's correlation!
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