BTC 4-hour candlestick trend:
Resistance level: around 100020 to 102007
Support level: around 95117 to 97067
ETH 4-hour candlestick trend:
Resistance level: around 3433 to 3549
Support level: around 3250 to 3302
Technical analysis:
1. Bitcoin 4-hour candlestick period shows a volume decrease with price increase (suspected to induce more buyers). At 3 AM today, Bitcoin price reached a new historical high of $98988. Currently, the Bitcoin 4-hour candlestick is continuing its upward trend in the price channel area;
2. The Bitcoin large, medium, and small candlestick periods show a bullish trend according to the Gubi trend indicator with multi-period resonance, and the outlook remains bullish. The short-term trading strategy is still to buy on dips;
3. The KDJ indicator for Bitcoin across 3-hour to weekly periods is above 80, operating in an overbought area with limited upward space (strong upward trend), but the 4-hour, 6-hour, and 12-hour periods are showing divergence, indicating a temporary need for price correction. The short-term trading strategy is to buy on dips, and once the price corrects to the support levels of the small periods (30 minutes, 1 hour) or significant neck support levels, it will be the best time to enter long positions for profit (please set stop-loss, fasten your seatbelt, and take protective measures for the three strategies for resolving positions) {Contract thinking};
Short-term trading thinking: If the price corrects to the important support levels marked above, you can lightly load long positions to enter the market {Spot thinking};
Investment carries risks, and one should be cautious when entering the market. The analysis above is for reference only! You can also make corresponding arrangements for altcoins based on the correlation effect of Bitcoin!
