Cryptocurrency Market Early Events 🥇🥇🥇2024-12-12
Bitcoin, Ethereum trend analysis, wealth passwords, long and short ambush points...
BTC 4-hour candlestick trend:
Resistance level: around 102216~104437
Support level: around 99255~100475
ETH 4-hour candlestick trend:
Resistance level: around 3851~3907
Support level: around 3740~3785
Technical analysis:
1. Bitcoin's 4-hour period candlestick shows a volume decrease and a 'V' shape reversal pattern. Please pay attention to the resistance level near 101809 above the double top (double top slightly adjusted);
2. Bitcoin's large, medium, and small period comparative trend indicators show a bullish trend. Short-term operations should buy on dips 💹;
3. Bitcoin's 1-hour to 4-hour KDJ indicators are all operating in the overbought area at 80 (stagnant rise). The 4-hour MACD indicator's fast line crosses above the 0 axis (bullish trend), but the 12-hour and 24-hour period MACD indicators show a rootless water shape, indicating a demand for a brief price pullback. The short-term operational strategy is to buy on the bottom. Once the price pulls back to the small period support levels of 15 minutes, 30 minutes, Bollinger Bands lower track, EMA moving average at 60, or important neckline support levels, it is the best opportunity to enter long positions 🥰 (please set stop-loss, buckle your seatbelt, and prepare protective measures for the three strategies to escape) {Contract Thinking};
Short-term operational thinking: Prices pulling back to the important support levels marked above can allow for light positions to be placed for long entries {Spot Thinking};
Investing carries risks, and entering the market requires caution. The above analysis is for reference only! Everyone can also make corresponding layouts for altcoins based on Bitcoin's correlation effect!
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