Binance Square 8 AM Live Cryptocurrency Early Events
Cryptocurrency Early Events🥇🥇🥇2024-12-28
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points...
BTC 4-hour K-line trend:
Resistance level: around 96027～97516
Support level: around 92872～94215
ETH 4-hour K-line trend:
Resistance level: around 3408～3484
Support level: around 3182～3258
Technical analysis:
1. Bitcoin's 4-hour cycle K-line is declining on low volume (as of 7:28 AM), currently oscillating repeatedly at the high point of the wedge channel; please note the Fibonacci resistance level around 96027～97516;
2. All small and medium cycle indicators below 12 hours are resonating with a downward trend for Bitcoin, short-term operations should take advantage of highs to short;
3. The MACD indicator for Bitcoin's 4-hour and 12-hour cycles shows a leaking shape (accelerating price decline), indicating a need for price correction; short-term operational strategy should be to short at highs, and once the price pulls back to the small cycle 30-minute, 1-hour EMA60 moving average, double top shape, or important neckline resistance level, it is the best opportunity to enter short positions🥰. At the same time, if a bottom divergence shape or double bottom shape appears in the small cycle 15-minute, 30-minute, it can also be considered for light long positions to capture short-term profits🥰 (please set stop-loss, fasten your seatbelt, and implement three protective measures for unblocking) {Contract Thinking};
Short-term operational thinking: if the price corrects to the important support levels marked above, light long positions can be set up {Spot Thinking};
Investment has risks, and market entry requires caution; the above analysis is for reference only! You can also consider corresponding layouts for altcoins based on Bitcoin's correlation effect!
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A day's plan lies in the morning💰
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