Crypto Circle Early Events 🥇🥇🥇2024-12-23
Bitcoin, Ethereum trend analysis, wealth passwords, long and short ambush points...
BTC 4-hour K-line trend:
Resistance level: around 96824～98430
Support level: around 90525～92548
ETH 4-hour K-line trend:
Resistance level: around 3341～3488
Support level: around 3027～3232
Technical analysis:
1. Bitcoin's 4-hour cycle K-line has shown a decrease in volume and is currently in a downward trend along a descending wedge channel (as of 7:03 AM). The volume is decreasing, and the rebound is weak. Please pay attention to the resistance level around 98800;
2. The short-term operation for Bitcoin in the small cycles below 12 hours is to go short at highs due to the resonance of the trend indicator;
3. The MACD indicators in the small cycles below 12 hours are all in a weak area. The small cycle below 12 hours has changed (resonating downward trend), and the slow line of the 12-hour MACD indicator is also about to break below the 0 axis. The daily MACD indicator shows a non-root water form, indicating a need for price adjustment. The price is still expected to remain bearish. The short-term operation strategy is to go short at highs. The best opportunity for entering short positions is when the price rebounds to the EMA60 moving average of the small cycles (30 minutes, 1 hour), the upper band of Bollinger Bands, double top resistance, or important neckline resistance. 🥰 If there is a bottom divergence pattern in the small cycles of 15 minutes and 30 minutes, one can also consider entering with light long positions. Long positions are against the trend and should follow the principle of quick entry and exit to secure profits. 🥰 (Please ensure stop-loss measures and prepare safety measures for three ways to solve positions.) {Contract Thinking};
Short-term operation thinking: The price retracing to the important support levels marked above can consider entering with light long positions {Spot Thinking};
Investment carries risks, and entering the market requires caution. The above analysis is for reference only! You can also consider making some corresponding arrangements for altcoins based on the correlation effect of Bitcoin!
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