Crypto Market Early Report🥇🥇🥇2024-12-17
Analysis of Bitcoin and Ethereum trends, wealth passwords, long and short ambush points…
BTC 4-hour K-line trend:
Resistance: Around 107897～109201
Support: Around 103328～104402
ETH 4-hour K-line trend:
Resistance: Around 4059～4121
Support: Around 3886～3971
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line is experiencing a volume decrease and a drop (as of 7:37 AM). At 2 AM, Bitcoin surged with increased volume, reaching a new historical high of about 107793 USD. Currently, it is oscillating at a high position in the wedge rising channel (top divergence price correction). Please note the neck line resistance near 107280;
2. All cycles of Bitcoin, large, medium, and small, show the Gu Bi trend indicator resonating with a bullish trend. Short-term operations should buy on dips💹;
3. All MACD indicators for Bitcoin above 30 minutes are in a bullish trend above the zero axis (resonating bullish trend), but the daily MACD indicator shows a top divergence pattern, and the 1-hour MACD indicator shows a no-root water pattern, indicating a short-term price pullback is needed. The short-term strategy is to buy on dips, and the best opportunity to enter long positions is when the price retraces to the important neck line support near the 30-minute and 1-hour EMA60 moving averages🥰 (please set stop-loss, buckle your seatbelt, and take protective measures to avoid losses) {Contract Mindset};
Short-term operation mindset: When the price retraces to the important support levels marked above, you can lightly place long orders for layout {Spot Mindset};
Investment has risks, and market entry requires caution. The above analysis is for reference only! You can also make some arrangements for altcoins based on Bitcoin's correlation effect!
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