Binance Square 8 AM Live Cryptocurrency Early Events
Cryptocurrency Early Events🥇🥇🥇2024-12-27
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points...
BTC 4-hour K-line trend:
Resistance: Around 97162～98402
Support: Around 93025～94278
ETH 4-hour K-line trend:
Resistance: Around 3408～3484
Support: Around 3182～3258
Technical Analysis:
1. Bitcoin's 4-hour cycle K-line is experiencing a volume drop (as of 7:16 AM), the 4-hour cycle K-line is currently in a wedge channel high position with repeated wash trading and fluctuations; please pay attention to the pressure and support levels of the channel;
2. All medium and small cycle trend indicators below the 12-hour for Bitcoin are resonating with a bearish trend, short-term trading should take short positions on rallies;
3. The 12-hour cycle MACD indicator shows an oil leak pattern (accelerating price drop), while the daily cycle MACD indicator shows a pattern without roots, indicating a need for price correction. The short-term trading strategy is to take short positions on rallies. If the price retraces and rebounds to the small cycle 30-minute, 1-hour EMA60 moving average, double top pattern, or key neckline resistance, it is the best opportunity to enter short positions🥰. At the same time, if a bottom divergence pattern appears in the small cycle 15-minute, 30-minute, consider entering long positions with light positions to gain short-term profits🥰 (please wear a stop-loss and fasten your seatbelt, and take protective measures for the three strategies to relieve positions) {Contract Thinking};
Short-term trading thinking: If the price retraces to the important support levels marked above, light positions can be set for long positions {Spot Thinking};
Investing involves risks, and market entry should be cautious. The above analysis is for reference only! You can also consider making corresponding arrangements for altcoins based on Bitcoin's linkage effect!
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