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Cryptocurrency Morning News🥇🥇🥇2024-12-30
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: around 95780～97566
Support level: around 91216～92872
ETH 4-hour K-line trend:
Resistance level: around 3420～3484
Support level: around 3258～3333
Technical analysis:
1. Bitcoin 4-hour cycle K-line shows a volume decrease (as of 6:56 AM), the 4-hour cycle K-line price rebounded to the middle Bollinger band and continued a downtrend, currently the K-line is following a descending wedge pattern, please note the support level near the lower channel at 91216;
2. The Bitcoin 12-hour and lower major, medium, and small cycle comparison trend indicators resonate with the downward trend, in the later period, the price continues to look downward, short-term strategy is to go short on highs;
3. Bitcoin 6-hour and 12-hour cycle MACD indicator shows an oil leak pattern (accelerating price drop), short-term strategy is to short on highs, if the price retraces back to the small cycle 30-minute, 1-hour EMA 60 average line, upper Bollinger band, double-top pattern or important neck line resistance level, it’s the best opportunity for a short position entry🥰; if a bottom divergence pattern appears in the small cycle 15-minute or 30-minute, can also consider light position long entries for short-term profits ~ fast in and out is the principle🥰 (please set a stop-loss, fasten your seatbelt, and prepare three measures for position protection) {contract thinking};
Short-term trading thinking: Price retracement to the above marked important support levels can consider light position long entries {spot thinking};
Investing involves risks, proceed with caution; the above analysis is for reference only! You can also make some corresponding layouts for altcoins based on Bitcoin's correlation effect!
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