Crypto World Early Events 🥇🥇🥇2024-11-11
Bitcoin and Ethereum trend analysis, wealth codes, long and short attack points...
BTC 4-hour K-line trend:
Resistance level: around 81153~82521
Support level: around 77162~78393
ETH 4-hour K-line trend:
Resistance level: around 3247~3336
Support level: around 3039~3105
Technical analysis:
Bitcoin's 4-hour cycle K-line shows volume increase (please note the resistance level around 81153); around 5 AM today, the price of Bitcoin retraced to the 1-hour Bollinger middle track around 78473 before climbing again (the retracement was relatively small); currently, the 4-hour cycle K-line has been oscillating around the high neckline at 81153; the trend indicators for Bitcoin across long, medium, and short cycles are still showing a bullish multi-cycle resonance trend, and the price is expected to continue to rise; short-term operations should still focus on buying on dips; currently, Bitcoin's 3-hour and 4-hour cycles have formed a top divergence pattern, indicating a need for a brief price correction; everyone should avoid blindly chasing highs and focus on buying on dips for short-term operations. Once the price retraces to the small cycle 30-minute or 1-hour EMA60 moving average or key neckline support, it will be the best opportunity to enter long positions for profit 🥰 (please set stop losses and make sure to secure your position with protective measures).
{Contract Thinking}
Short-term operational thinking: Price retracing to the important support levels indicated above can allow for light positions to be set for long entries {Spot Thinking};
Investment involves risks, and caution is required when entering the market. The above analysis is for reference only! You can also make some corresponding arrangements for altcoins based on Bitcoin's correlation effect!
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