Binance Square 8 AM Live Cryptocurrency Early Events
Cryptocurrency Early Events 🥇🥇🥇2024-12-27
Analysis of Bitcoin and Ethereum Price Trends, Wealth Codes, Long and Short Entry Points…
BTC 4-hour K-line Trend:
Resistance Level: Around 97162～98402
Support Level: Around 93025～94278
ETH 4-hour K-line Trend:
Resistance Level: Around 3408～3484
Support Level: Around 3182～3258
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line is experiencing a volume decrease and price drop (as of 7:16 AM). The 4-hour cycle K-line is currently fluctuating in a wedge pattern at a high level. Please pay attention to the resistance and support levels of the channel;
2. All small to medium cycle indicators below the 12-hour mark for Bitcoin are resonating with the trend indicator 🈳 head trend, short-term operations should sell on highs 🈳;
3. The MACD indicator for Bitcoin's 12-hour cycle shows an oil leak pattern (accelerating price drop), while the daily MACD indicator shows a rootless water pattern, indicating a demand for price correction. The short-term operation strategy should sell on highs 🈳, and if the price retraces and rebounds to the short-cycle 30-minute or 1-hour EMA60 moving average, double-top pattern, or important neckline resistance level, that would be the best opportunity for 🈳 entry 🥰. Additionally, if a bottom divergence pattern appears in the small cycles of 15 or 30 minutes, it is also worth considering a light position for short-term profit 🥰 (Please use stop-loss measures and ensure safety precautions are in place) {Contract Thinking};
Short-term operational thinking: If the price retraces to the important support levels marked above, light positions can be placed for long entries {Spot Thinking};
Investment carries risks, and caution is required when entering the market. The above analysis is for reference only! You can also consider making corresponding layouts for altcoins based on Bitcoin's correlation effect!
A year's plan lies in spring 🌹
A day's plan lies in morning 💰
Follow 'Cryptocurrency Early Events' 🥇 for easy and profitable trading 🥰
Your 'Likes + Follows' are my greatest encouragement, thank you!
#BTC
#ETH
#Market Trends
#Cryptocurrency Early Events
