Crypto Market Early Events 🥇🥇🥇2024-12-25
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points...
BTC 4-hour K-line trend:
Resistance level: around 99917～102288
Support level: around 95707～97359
ETH 4-hour K-line trend:
Resistance level: around 3604～3724
Support level: around 3332～3442
Technical analysis:
1. Bitcoin's 4-hour cycle K-line is rising on lower volume (as of 7:27 AM), and currently, the 4-hour cycle K-line has formed an “M” head double top pattern. Please pay attention to the neckline resistance level around 99917;
2. The Bitcoin 4-hour cycle Gu Bi trend indicator resonates with a bullish trend, short-term operations should buy on dips;
3. All KDJ indicators for Bitcoin above 30 minutes are above 20 (anti-fall), and the medium and small cycle patterns below 4 hours have changed (resonating bullish trend). The daily MACD indicator shows a no-root water pattern, indicating a need for price correction (the current 30-minute MACD indicator is also in a no-root water pattern). Short-term strategy is to buy on dips, and when the price corrects to the EMA60 moving average near small cycles of 15 minutes or 30 minutes, or important neckline support levels, it is the best opportunity to enter long positions 🥰 (please set stop-losses and ensure safety measures with three methods to avoid losses) {Contract Mindset};
Short-term trading mindset: if the price corrects to the important support levels marked above, one can set light long positions to enter {Spot Mindset};
Investment carries risks, and one must be cautious when entering the market. The above analysis is for reference only! You can also make some corresponding layouts for altcoins based on Bitcoin's correlation!
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