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Cryptocurrency Morning News 🥇🥇🥇2024-12-29
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points...
BTC 4-hour candlestick trend:
Resistance level: around 96027～97516
Support level: around 92872～94215
ETH 4-hour candlestick trend:
Resistance level: around 3484～3546
Support level: around 3258～3333
Technical Analysis:
1. Bitcoin is experiencing a shrinking upward trend on the 4-hour candlestick 📈 (as of 7:21 AM), currently in a high position of a wedge pattern with insufficient volume, and the rebound lacks strength. Please pay attention to the dense chip area above: around 96027～97516;
2. The 2-hour to 12-hour cycle Guppy trend indicator is resonating with the 🈳head trend, while the mid to long-term cycle is still in a 🈳head trend; however, the small cycle under 1 hour shows a bullish trend on the Bollinger middle track, suggesting a short-term strategy of buying on dips;
3. The KDJ indicators for time periods above 15 minutes for Bitcoin are all above 20, showing resilience against decline. For short-term operations, buy on dips; if the price retraces to the small cycle 15-minute EMA60 moving average, Bollinger lower track, double bottom pattern, or important neckline support level, it would be the best opportunity to enter long positions 🥰 (Please set a stop-loss and buckle your seatbelt, and make sure to implement the three measures for protection against losses) {Contract Thinking};
Short-term operation thinking: If the price retraces to the important support levels marked above, you can lightly place long orders to enter the market {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 Bitcoin's linkage effects!
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