Crypto Circle Early Events 🥇🥇🥇2024-12-9
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points...
BTC 4-hour K-line trend:
Resistance level: around 101186～103905
Support level: around 97262～98892
ETH 4-hour K-line trend:
Resistance level: around 4006～4133
Support level: around 3905～3960
Technical analysis:
1. Bitcoin's 4-hour K-line cycle shows a volume decrease and is currently in a high-level choppy consolidation in the ascending triangle area. Please pay attention to the resistance level around 101186;
2. Bitcoin's large, medium, and small cycle indicators are all showing a bullish trend. The outlook remains bullish, with a short-term trading strategy of buying on dips;
3. Bitcoin's large, medium, and small cycle KDJ indicators are all operating in the bullish space above 50 (strong upward trend, resistant to declines), but the 3, 4, and 6-hour MACD indicators are showing a rootless water pattern, indicating a temporary price pullback is needed. The short-term trading strategy is to buy on dips. Once the price pulls back to the small cycle 15-minute, 30-minute, 1-hour EMA or important neck line support level, it will be the best opportunity to enter long positions 🥰 (please set stop-losses, fasten your seatbelt, and take protective measures for the three steps to avoid losses) {Contract Thinking};
Short-term trading thinking: If the price pulls back to the important support levels marked above, you can lightly place long orders to enter the market {Spot Thinking};
Investment carries risks, and caution is needed when entering the market. The above analysis is for reference only! Everyone can also make corresponding allocations for altcoins based on Bitcoin's correlation effects!
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