Crypto Market Early Events 🥇🥇🥇 2024-12-9
Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points...
BTC 4-hour candlestick trend:
Resistance level: around 101186～103905
Support level: around 97262～98892
ETH 4-hour candlestick trend:
Resistance level: around 4006～4133
Support level: around 3905～3960
Technical analysis:
1. Bitcoin's 4-hour candlestick cycle is experiencing a volume contraction increase, and currently, the 4-hour cycle candlestick is in a high position of an ascending triangle, showing consolidation. Please pay attention to the resistance level around 101186;
2. Bitcoin's large, medium, and small cycle indicators are all showing a bullish trend, and we expect to continue to see bullish movement. The short-term strategy is to buy on dips;
3. Bitcoin's large, medium, and small cycle KDJ indicators are all operating above 50 in a bullish space (strong upward movement, resistant to decline), but the 3, 4, and 6-hour MACD indicators are all showing a no-root water pattern, indicating a need for a temporary price correction. The short-term strategy is to buy on dips. Once the price corrects to the important neck support levels of the small cycle 15 minutes, 30 minutes, or 1 hour EMA, it will be the best opportunity to enter long positions 🥰 (Please use stop-loss measures and ensure safety with protective strategies);
Short-term trading mindset: If the price corrects to the important support levels marked above, you can enter long positions with light trading volume. {Spot trading mindset};
Investment carries risks; please be cautious 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 effects!
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