Crypto Circle Early Events 🥇🥇🥇2024-12-11
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour candlestick trend:
Resistance level: around 97385~98847
Support level: around 994826~96178
ETH 4-hour candlestick trend:
Resistance level: around 3785~3851
Support level: around 3434~3557
Technical Analysis:
1. Bitcoin's 4-hour candlestick shows a volume increase (🈶 suspicious of long position), currently the 4-hour candlestick is in a high position in a triangular pattern, please note the resistance level around 98847 above the triangle. If it breaks the resistance with volume, a pullback will present a long entry opportunity 💹;
2. The trend indicator for Bitcoin below the 4-hour cycle shows a bearish trend, with a change in the short-term trend, short positions should be taken on rallies;
3. The KDJ indicators for Bitcoin over 1 hour are running above 20 (anti-dip), but the daily MACD indicator is showing a bearish leaking oil pattern, and the 12-hour MACD indicator is showing a rootless water pattern. There is a demand for a brief price pullback, and the short-term strategy is to short on rallies. Once the price rebounds to the upper Bollinger Bands or EMA moving averages at 15 minutes, 30 minutes, or 1 hour, or important neckline resistance levels, consider entering a short position for profit 🥰; or after a bottom divergence pattern appears in the short-term 15 minutes or 30 minutes, consider small capital long positions for profit 🥰. In extreme volatile markets, follow the principle of quick entry and exit, and take profits when available. (Please ensure to set stop-losses, fasten your seatbelt, and implement three measures for position protection) {Contract Thinking};
Short-term trading thinking: If the price pulls back to the important support levels marked above, consider placing small long orders for entry {Spot Thinking};
Investing has risks, and entering the market requires caution. The above analysis is for reference only! You can also make some corresponding arrangements for altcoins based on Bitcoin's correlation effect!
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