Crypto Market Morning Report 🥇🥇🥇2024-12-10

Analysis of Bitcoin and Ethereum trends, wealth secrets, long and short attack points...

BTC 4-hour K-line trend:

Resistance level: around 98133–99965

Support level: around 93623–96029

ETH 4-hour K-line trend:

Resistance level: around 3785–3845

Support level: around 3573–3623

Technical Analysis:

1. Bitcoin's 4-hour cycle K-line shows a volume increase at the bottom. At 5 AM, Bitcoin dipped to around 94150. Please note the resistance level at the neck line around 99965 after the price rebounds;

2. The short-term trend in Bitcoin on cycles below 3 hours shows a bearish trend according to the Gu Bi trend indicator, with a change in the short cycle trend, suggesting short positions at high points;

3. The MACD indicators for Bitcoin on the 3 and 4-hour charts exhibit a leaking oil pattern, indicating a demand for a brief price correction. The short-term strategy is to short at high points. Once the price rebounds back to around the 60 EMA of the small cycles (15 minutes, 30 minutes, 1 hour) or the important neck line resistance level, consider entering short positions for profit 🥰; alternatively, after a bottom divergence pattern appears in the smaller cycles (15 minutes, 30 minutes), consider entering small long positions for profit 🥰. In extreme volatile markets, follow the principle of entering and exiting quickly, taking profits when available. (Please ensure to set stop-losses, buckle up, and take protective measures for the three strategies to get out safely) {Contract Thinking};

Short-term operational thinking: If the price pulls back to the important support levels marked above, consider entering long positions with light positions {Spot Thinking};

Investment carries risks; proceed with caution. The above analysis is for reference only! You can also make corresponding layouts for altcoins based on Bitcoin's correlation effects!

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