Crypto Circle Early Events🥇🥇🥇2024-12-18
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points…
BTC 4-hour candlestick trend:
Resistance level: around 107925～109201
Support level: around 104402～105521
ETH 4-hour candlestick trend:
Resistance level: around 3942～4020
Support level: around 3802～3874
Technical analysis:
1. Bitcoin 4-hour cycle candlestick shows a decreasing volume drop (as of 7:05 AM, 🈶 has the suspicion of a false breakout), last night Bitcoin 1-hour cycle candlestick showed an increase in volume, reaching a historical high of around 108353 USD, the 1-hour cycle shows a top divergence pattern, and prices have undergone a correction. Currently, it is in the high-level consolidation of the 4-hour wedge upward channel, please pay attention to the resistance level around the neckline at 107925;
2. All cycles above 1 hour for Bitcoin show a bullish trend with the Guo Bi trend indicator, short-term operations should buy on dips 💹;
3. All cycles above 1 hour for Bitcoin show the MACD indicator above the 0 axis in a bullish trend (converging bullish trend), however, the daily cycle MACD indicator shows a top divergence pattern, the 1-4 hour cycle MACD indicator shows a rootless water pattern, indicating a need for a brief price correction, the short-term operation strategy is to buy at the bottom, when the price corrects to the small cycle 1-hour EMA60 moving average, double bottom support level, or important neckline support level, this is the best opportunity to enter long positions🥰 (please set stop-loss, buckle your seatbelt, and take protective measures with the three methods of unwinding) {Contract Thinking};
Short-term operation thinking: When the price corrects to the important support levels marked above, you can lightly place long orders for layout {Spot Thinking};
Investing involves risks, and caution is needed when entering the market. The above analysis is for reference only! You can also make corresponding layouts for altcoins based on the correlation effect of Bitcoin!
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