Crypto Circle Early Events🥇🥇🥇2024-12-16
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points...
BTC 4-hour candlestick trend:
Resistance level: around 105793～107146
Support level: around 102225～103393
ETH 4-hour candlestick trend:
Resistance level: around 3960～4036
Support level: around 3850～3907
Technical analysis:
1. Bitcoin's 4-hour cycle candlestick shows a strong increase 📈 (Bitcoin's blood-sucking effect), currently rising strongly in a wedge upward channel space, please note the neckline resistance level around 106403;
2. All cycles of Bitcoin (large, medium, small) show a resonant bullish trend based on the Gu Bi trend indicator, short-term operations should buy on dips 💹;
3. All KDJ indicators for Bitcoin on time frames above 30 minutes are above 50 (resonant bullish trend), all KDJ indicators for time frames above 6 hours are operating in the overbought dull rise space above 80, it is expected that Bitcoin's price will continue to rise 📈, but the MACD indicator on the 12-hour cycle shows a top divergence pattern, indicating a short-term demand for price correction. The short-term strategy is to buy on dips; the best opportunity to enter long positions is when the price corrects to the middle band of the Bollinger Bands on the small cycles of 15 minutes or 30 minutes, or important neckline support levels 🥰 (please set stop loss, fasten your seatbelt, and take protective measures for the three steps to exit) {Contract thinking};
Short-term operation thinking: When the price corrects to the important support levels marked above, you can lightly place long orders to enter the market {Spot thinking};
Investing involves risks, and one should be cautious when entering the market. The above analysis is for reference only! You can also make some corresponding allocations for altcoins based on Bitcoin's linkage effects!
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