Crypto Circle Morning Updates🥇🥇🥇2024-11-11

Bitcoin and Ethereum Trend Analysis, Wealth Codes, Long and Short Entry Points…

BTC 4-hour K-line Trend:

Resistance Level: 81153～82521附近

Support Level: 77162～78393附近

ETH 4-hour K-line Trend:

Resistance Level: 3247～3336附近

Support Level: 3039～3105附近

Technical Analysis:

Bitcoin's 4-hour K-line shows an increase in volume (please note the resistance level around 81153), around 5 AM today, the Bitcoin price retraced to the 1-hour Bollinger middle band around 78473 before climbing again (the retracement was relatively small). Currently, the 4-hour K-line is fluctuating around the high neckline of 81153; the trend indicators for Bitcoin across multiple time frames still show a multi-cycle resonance bullish trend, and the price is expected to continue rising. Short-term trading remains focused on buying the dips; currently, Bitcoin's 3-hour and 4-hour cycles have formed a top divergence pattern, indicating a temporary retracement demand for the price. Everyone should avoid blindly chasing highs; short-term trading should focus on buying the dips. Once the price retraces to the small cycle 30-minute or 1-hour EMA60 moving average or key neckline support level, it is the best opportunity to enter long positions for profit🥰 (Please set stop losses, fasten your seatbelt, and take protective measures for the three strategies to untangle) {Contract Thinking}

Short-term trading mindset: A price retracement to the important support levels marked above allows for light positions in long orders to be laid out {Spot Thinking};

Investing involves risks, and market entry should be cautious; the above analysis is for reference only! You can also make corresponding arrangements for altcoins based on the correlation effect of Bitcoin!

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