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Analyze the market trends 🖥 Predict future trends
Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points...
BTC 4-hour K-line support and resistance:
Resistance levels: ①118016 ②119028 nearby
Support levels: ① 116404 ② around 115331
ETH 4-hour K-line support and resistance:
Resistance levels: ①3771 ②near 3857
Support level: ①3619②near 3532
Technical Analysis:
1. The Bitcoin 4-hour candlestick chart shows a volume decrease and an upward trend (as of 6:31 AM - see screenshot). After breaking the trend line, Bitcoin has formed a V-shape rebound. Currently, the volume performance is not good, so do not blindly chase the highs. Consider entering long positions or spot layouts at the support level marked in the screenshot.
2. The Bitcoin trend indicator for small cycles below 30 minutes resonates with a bullish trend, suggesting to buy on dips for short-term operations; the KDJ indicator for the 2-hour to 4-hour cycle is forming a golden cross above 20, indicating a rising pattern, suggesting to buy on dips for short-term operations.
3. The MACD indicator for Bitcoin on the 12-hour to daily chart is showing a pattern of no root water. There is a demand for price correction. For short-term operations, it is advisable to buy on dips. When the price in the smaller 15-minute or 30-minute K-line charts corrects to the EMA60 moving average, double bottom, or important neck line support level, it presents the best opportunity to enter long positions 🥰 (Please set stop-loss, fasten your seatbelt, and take protective measures with three strategies to resolve positions - there are teaching courses) {Contract Thinking};
Spot trading mindset: When the price pulls back to the important support level marked above, you can place a light long position for entry {spot mindset};
Investment involves risks, and caution is required when entering the market. The above analysis is for reference only! Everyone can also make corresponding layouts for mainstream coins, sub-mainstream coins, and altcoins based on the correlation effect of Bitcoin!
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