8 AM Binance Square Live Crypto Market Morning Update🔉🔉🔉🔉
Crypto Market Morning Update🥇🥇🥇2025-1-10
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: around 93770~95470
Support level: around 89100~91059
ETH 4-hour K-line trend:
Resistance level: around 3254~3315
Support level: around 3106~3182
Technical analysis:
1. Bitcoin's 4-hour cycle K-line shows a volume decrease and rise (as of 7:09 AM), the 4-hour K-line price slightly rebounded to the double bottom around 91582, currently showing poor volume performance, and the rebound is weak. Please note the upper resistance range around 93770~95470;
2. The trend indicator for Bitcoin below the 12-hour cycle resonates with a downward trend, short-term trading strategy is to sell high;
3. The MACD indicator for Bitcoin below the 12-hour cycle resonates with a downward trend, the 2-day MACD indicator shows a leaking oil pattern, and the KDJ indicator shows a downward trend below 50 with a dead cross. It is expected that the price will continue to drop in the future. Short-term trading strategy is to sell high, and once the price rebounds to the small cycle 15-minute, 30-minute EMA60 moving average, double top pattern, or important neckline resistance level, it will be the best opportunity to enter for a short position🥰; if a bottom divergence pattern appears in the small cycle 15-minute, 30-minute, it can also be considered to enter a small position for a short-term profit – trading on bottom divergence is against the trend, and one should follow the principle of quick entry and exit, taking profits when seeing good results, and securing funds🥰 (please set a stop-loss and buckle your seatbelt, and take precautions for the three measures to resolve positions) {Contract Thinking};
Short-term trading mindset: price retracement to the above-mentioned important support levels can allow for light positions to be placed for an entry {Spot Thinking};
Investment carries risks, and one should be cautious when entering the market. The above analysis is for reference only! You can also make corresponding arrangements for altcoins based on Bitcoin's correlation effect!
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