Crypto Market Early Events 🥇🥇🥇 2024-12-19
Bitcoin and Ethereum trend analysis, wealth codes, long/short ambush points…
BTC 4-hour K-line trend:
Resistance Level: Around 102420–104474
Support Level: Around 97325–99344
ETH 4-hour K-line trend:
Resistance Level: Around 3726–3802
Support Level: Around 3512–3623
Technical Analysis:
1. Bitcoin 4-hour cycle K-line shows a volume increase in decline (as of 7:37 AM), the day before yesterday and yesterday, Bitcoin’s daily level cycle experienced consecutive top divergence formations, with the price dropping in volume to the current wedge channel bottom support level around 100420 (the decline has not stopped yet, do not rush to catch the falling knife);
2. All cycles below 4 hours for Bitcoin show a bearish trend indicator resonance 🈳, short-term operations should short on highs;
3. Bitcoin’s 2-hour and 3-hour MACD indicators are in a bearish leaking oil pattern (accelerating price decline), while the smaller cycles below 4 hours have changed (resonating downtrend), short-term operation strategy is to short on highs, the best entry point for short positions is when the price rebounds back to the small cycle 15-minute and 30-minute EMA60 moving average, Bollinger upper band, double top resistance level or important neckline resistance level 🥰 (please use stop-loss, fasten your seatbelt, and take protective measures with three tactics for recovery) {Contract Thinking};
Short-term operational thinking: Price retracement to the above marked important support levels can be taken with light positions for long orders {Spot Thinking};
Investing has risks, entering the market requires caution, the above analysis is for reference only! You can also make corresponding arrangements for altcoins based on the correlation effect of Bitcoin!
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