Crypto market early happenings 🥇🥇🥇2024-12-7
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend:
Resistance level: around 101186～103959
Support level: around 97237～98892
ETH 4-hour K-line trend:
Resistance level: around 4036～4133
Support level: around 3907～3960
Technical analysis:
Bitcoin's 4-hour K-line cycle has a reduced volume drop (as of 8 AM closing)🈶suspected of inducing shorts, Bitcoin's indicators above the 30-minute cycle are all showing a bullish trend, expect to continue rising, short-term trading strategy is to buy on dips; Bitcoin's indicators above the 1-hour cycle KDJ are all above 50 (bullish territory, resistant to decline); 3-hour MACD indicator shows an air leak pattern, 4-hour MACD indicator shows a rootless water pattern, indicating a temporary need for price correction, short-term trading strategy is to buy on dips, when a double bottom pattern or bottom divergence pattern appears in shorter cycles of 15 minutes, 30 minutes, or 1 hour, that is the best opportunity to enter long positions 🥰 (please set stop-loss and secure yourself with protective measures for the three strategies to break even) {Contract thinking};
Short-term trading thinking: Price correction to the important support levels marked above can allow for light positions to be set for long entries {Spot thinking};
Investing involves risks, market entry requires caution, the above analysis is for reference only! Everyone can also make 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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