BTC and ETH 4-hour K-line trend analysis
$BTC 4-hour K-line trend:
Resistance level: around 99732～101395 Support level: around 96536～97500
$ETH 4-hour K-line trend:
Resistance level: around 3889～3977 Support level: around 3727～3782
Technical analysis:
1. Bitcoin 4-hour K-line cycle:
Increased volume rise, at 3 AM the Bitcoin 1-hour cycle MACD shows a golden cross pattern. It broke through the box resistance near 97500 with increased volume, and the price continued to rise. Please note, the upper resistance level is around 99732.
2. Bitcoin trend analysis:
The trend indicators for large, medium, and small cycles all show a bullish trend, looking bullish in the future. The short-term trading strategy suggests buying on dips.
3. Bitcoin MACD indicator analysis:
The 6-hour MACD indicator shows a golden cross pattern (dynamic), indicating that the price will rise further in the future. The 12-hour and 24-hour MACD indicators both show a non-root water pattern, indicating a temporary need for price correction. The short-term trading strategy suggests buying on dips, and when the price corrects to the small cycle (15 minutes, 30 minutes, 1 hour) EMA moving averages or important neckline support levels, it is the best opportunity to enter long positions. Contract thinking: Be sure to set stop-loss orders to ensure capital safety and prepare three measures for exit protection.
Short-term trading thinking:
Spot thinking: When the price corrects to the important support levels marked above, consider lightly placing long orders for entry.
Risk warning:
Investment has risks, entering the market requires caution.
