Crypto Circle Early Events 🥇🥇🥇2024-12-15

Bitcoin and Ethereum trend analysis, wealth codes, long and short ambush points...

BTC 4-hour K-line trend:

Resistance: around 102363～103346

Support: around 99319～100558

ETH 4-hour K-line trend:

Resistance: around 3907～3960

Support: around 3785～3849

Technical analysis:

1. Bitcoin's 4-hour cycle K-line is experiencing a volume decrease and decline (🈶 suspicious of inducing shorts). After a correction from the “M” head double top pattern, it is currently in a high-level consolidation phase within a wedge upward channel. Please note the neckline resistance near 103346 above;

2. The trend indicators for Bitcoin over 1 hour and above are resonating in a bullish trend, suggesting to buy on dips for short-term operations 💹;

3. The MACD fast and slow lines of Bitcoin over 2 hours and above are both running above the 0 axis (resonating in a bullish trend), and the MACD indicators for cycles above 4 hours are all above 50 (resistant to declines). However, the MACD fast line for the 1-hour cycle has already dropped below the 0 axis. The 2-hour and 3-hour MACD indicators are both showing a no-root water pattern, indicating a temporary need for price correction. The short-term operational strategy is to buy on bottoms. Best entry opportunity for long positions is when the price corrects to small cycle 15-minute, 30-minute double bottom patterns, bottom divergence patterns, “W” double bottom multiple bottom patterns, or important neckline support levels 🥰 (please set stop losses and strap in safely, and take precautionary measures for the three strategies to resolve positions) {Contract Thinking};

Short-term operational thinking: If the price corrects to the important support levels indicated above, light positions can be placed to set long orders {Spot Thinking};

Investment carries risks, and caution is needed when entering the market. The above analysis is for reference only! You can also make some corresponding arrangements for altcoins based on the correlation effect of Bitcoin!

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