#ETH Coin circle early occurrence 🥇🥇🥇 2025-1-17


Analysis of the trend of Bitcoin and Ethereum, wealth code, long and short ambush points...
BTC 4-hour K-line trend:
Resistance level: near 101057~102724
Support level: near 97531~99378
4-hour K-line trend of ETH:
Resistance level: near 3443-3511
Support level: near 3258-3305
Technical analysis:
First, the 4-hour K-line of Bitcoin showed a rising trend with shrinking volume. The 4-hour K-line fluctuated below the neckline, with poor performance in shrinking volume. Please pay attention to the upper neckline pressure around 102459. Do not blindly chase higher before breaking through the neckline pressure with increased volume.
Secondly, the Bitcoin trend indicator for large, medium, and small cycles resonates with bullish trends for more than 30 minutes. The price is expected to rise in the later period, and short-term operations should be long on dips;
3. Bitcoin's 12-hour KDJ indicator is above 80 (overbought and dull in the rising space), and the subsequent price is expected to continue to rise; the 2-hour MACD indicator has a rootless water shape, indicating a short-term need for price correction. Once the price retraces to the 30-minute EMA60 moving average, double bottom pattern or important neckline support level of the small cycle, it is the best opportunity to enter the long layout. 🥰 (Please bring your stop loss, fasten your seat belt, and take three measures to protect against losses) {Contract Thinking};
Short-term trading mindset: Price retracement to the important support level marked above can be cautiously placed with a long position layout {spot mindset};
Investment carries risks. Please exercise caution when entering the market. The above analysis is for reference only! You can also make corresponding layouts of altcoins based on the linkage effect of Bitcoin!
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#BTC                                         
#ETH
#Market Trends
#crypto world happened early
#crypto world盘报分析
ETH-0.07%
BTC-0.4%
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