Crypto Circle Early Events 🥇🥇🥇 2024-12-24
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points...
BTC 4-hour candlestick trend:
Resistance level: around 96824~98402
Support level: around 90525~92442
ETH 4-hour candlestick trend:
Resistance level: around 3439~3525
Support level: around 3181~3256
In shorter cycles of 15 minutes and 30 minutes, Ethereum is performing much better than Bitcoin (bullish trend), currently, Ethereum is leading Bitcoin ⚠️
Technical analysis:
1. Bitcoin 4-hour cycle candlestick shows a volume decrease with an upward trend (as of 7:23 AM), the 4-hour cycle candlestick price is still oscillating within a descending wedge channel, forming a “W” double bottom pattern and rebounding from the bottom, currently, the volume is decreasing, and the rebound is weak, please pay attention to the neck resistance level around 98402;
2. Bitcoin 1-hour to 12-hour cycle Guba trend indicator shows a resonance of a bullish trend, short-term operations should short on highs;
3. Bitcoin indicators below 12 hours in the medium and small cycles are in a weak area, the patterns in the medium and small cycles below 12 hours have changed (resonance downtrend), the daily cycle MACD indicator shows a no-root water pattern, the price has a demand for correction, looking bearish in the future, short-term operation strategy is to short on highs, if the price rebounds to the small cycle 1-hour EMA60 moving average, Bollinger upper band, double top resistance level, or important neck resistance level, it's the best opportunity to enter short positions 🥰; if a bottom divergence pattern appears in the small cycles of 15 minutes and 30 minutes, it can also be considered to lightly enter long positions, long positions are against the trend, and the principle of quick entry and exit to take profits should be followed 🥰 (please set stop-loss and secure safety measures with three strategies for position recovery) {Contract Thinking};
Short-term operation thinking: if the price retraces to the important support levels marked above, light positions can be set for long entries {Spot Thinking};
Investment has risks, and caution is needed when entering the market; the above analysis is for reference only! You can also make some corresponding layouts for altcoins based on the correlation effect of Bitcoin!
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