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Cryptocurrency Morning News 🥇🥇🥇2025-1-8
Analysis of Bitcoin and Ethereum trends, wealth secrets, long and short ambush points…
BTC 4-hour candlestick trend:
Resistance level: around 97696～99979
Support level: around 94345～95474
ETH 4-hour candlestick trend:
Resistance level: around 3444～3498
Support level: around 3315～3374
Technical Analysis:
1. Bitcoin's 4-hour candlestick shows a shrinking upward trend (as of 7:11 AM), after experiencing a top divergence yesterday, the price has deeply retraced below the support level of the price channel near 97700, currently still oscillating at a high level of the price channel, with poor volume performance, and weak rebound. Please pay attention to the resistance level of the price channel near 97969, do not blindly chase highs, and be cautious of risks;
2. The trend indicator for Bitcoin under the 6-hour period shows a resonance with a bearish trend, short-term strategy is to sell on highs;
3. Bitcoin's 4-hour MACD indicator shows a shape of rootless water, indicating a need for short-term price correction, in the future, selling on highs is advised, and when the price pulls back and rebounds to the small cycle 15-minute, 30-minute EMA60 moving average, double top pattern, or important neckline resistance level, it will be the best opportunity for bearish layout to enter 🥰; if a bottom divergence pattern appears in the small cycle 15-minute, one can also consider entering with a light position for small wave profit 🥰 (please set a stop-loss, fasten your seatbelt, and prepare the three measures for unblocking protection) {Contract Thinking};
Short-term trading thinking: When the price retraces to the important support levels marked above, light positions can be used to lay out long orders to enter {Spot Thinking};
Investing involves risks, and one must be cautious when entering the market. The above analysis is for reference only! Everyone can also use the correlation effect of Bitcoin to make corresponding arrangements for altcoins!
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