Crypto Circle Early Events🥇🥇🥇2024-12-25
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: around 99917~102288
Support level: around 95707~97359
ETH 4-hour K-line trend:
Resistance level: around 3604~3724
Support level: around 3332~3442
Technical analysis:
1. Bitcoin's 4-hour cycle K-line has risen on decreasing volume (as of 7:27 AM), currently forming an “M” head double top pattern, please note the neckline resistance level around 99917;
2. The Bitcoin 4-hour cycle Guppy Trend Indicator resonates with a bullish trend, short-term operations should buy on dips;
3. All KDJ indicators for Bitcoin across 30 minutes and above are above 20 (anti-fall), and the medium and small cycle patterns below 4 hours have changed (resonating bullish trend), the daily MACD indicator shows a non-root water pattern, indicating a demand for price correction (currently, the 30-minute MACD indicator is also a non-root water pattern), short-term operational strategy is to buy on dips, and once the price corrects to the vicinity of the small cycle 15-minute, 30-minute EMA60 moving average or important neckline support level, it is the best opportunity to enter long positions🥰 (please set stop-loss, buckle your seatbelt, and prepare three protective measures for relief) {Contract Thinking};
Short-term operational thinking: Price correction to the important support levels marked above can allow for light-position long setups {Spot Thinking};
Investing carries risks, and one should be cautious when entering the market; the above analysis is for reference only! Everyone can also make some corresponding arrangements for altcoins based on Bitcoin's linkage effect!
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