Crypto Market Morning Update🥇🥇🥇2025-1-2
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: around 95504 to 97242
Support level: around 91501 to 93039
ETH 4-hour K-line trend:
Resistance level: around 3443 to 3484
Support level: around 3258 to 3315
Technical analysis:
1. Bitcoin's 4-hour cycle K-line shows a low-volume rise (as of 6:11 AM). The 4-hour cycle has produced three consecutive bullish candles, but the volume is insufficient, and the rebound is weak. Please pay attention to the marked resistance levels above; do not blindly chase highs. Currently, it is still in a high position of a wedge pattern with volatile fluctuations;
2. The 4-hour to 12-hour cycle Guppy trend indicator resonates with a bearish trend; shorter cycles below 3 hours show a bullish trend, suggesting buy on dips for short-term operations;
3. The daily cycle KDJ indicator for Bitcoin shows a dynamic golden cross pattern above 20, which is resilient. If the price retraces to the 15-minute, 30-minute EMA60 moving average, the lower Bollinger band, double bottom position, or important neckline support level, it would be the best opportunity to enter long positions🥰 (Please set stop-loss, fasten your seatbelt, and take protective measures with three exit strategies) {Contract Mindset};
Short-term trading mindset: If the price retraces to the important support levels marked above, you can enter long positions with light positions {Spot Mindset};
Investing involves risks; proceed with caution. The above analysis is for reference only! You can also make corresponding layouts for altcoins based on Bitcoin's correlation effect!
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