The cryptocurrency market on Monday is brewing significant changes every second.

CN
4 hours ago

First, let's look at Bitcoin. Currently, the 4-hour candlestick chart shows a volume decrease while rising, and it has been consolidating in a range for a full 2 days. This is not an ordinary consolidation; it is the calm before the storm, with both bulls and bears engaged in a fierce battle, and the direction will soon be determined! The resistance levels above at 117948 and 120865 are obstacles on the bulls' path. Once broken, it will be smooth sailing; the support levels below at 114341 and 112955 are our defensive bottom line and present excellent entry opportunities.

From a technical analysis perspective, the trend indicators across various time frames below the daily chart show a perfect bullish resonance state, indicating that the overall trend for Bitcoin remains upward, and the long-term bullish logic has not changed. However, the MACD indicator in the 2-hour to 6-hour cycles has formed a "no-root water" pattern, which is a clear signal indicating a need for price correction in the short term. Therefore, short-term operations must not blindly chase highs; corrections are our opportunities. When the 15-minute or 30-minute candlesticks pull back to the EMA60 moving average, or when a double bottom pattern appears, or when it touches important neckline support levels, long positions can be decisively entered. However, remember that contract trading carries significant risks, and it is essential to set stop-loss orders, as this is a lifeline for survival in the crypto space.

Now, turning our attention to Ethereum, its resistance levels are around 4686 and 4769, while the support levels are at 4577 and 4501. Ethereum is highly correlated with Bitcoin, and Bitcoin's movements often drive Ethereum to fluctuate in the same direction. For spot traders, when the price pulls back to the support levels, they can gradually build positions with light loads, avoiding investing too much at once; a steady investment approach will lead to greater longevity. Contract traders, on the other hand, must closely monitor market changes, seize the opportunity during corrections, and execute quick entries and exits while strictly controlling risks.

Additionally, it is important to understand that Bitcoin has a strong correlation effect; its rise and fall can lead to collective fluctuations in mainstream coins, altcoins, and even meme coins. However, the crypto market is a high-risk environment filled with uncertainties, and one must not blindly follow trends in investments. Before entering the market, it is crucial to manage positions well, plan for risks, and develop a reasonable investment strategy based on one's risk tolerance and investment goals. This wave could be the biggest wealth opportunity in the crypto space by 2025; if you seize it, you might achieve financial freedom, and you could be the next one to succeed in the crypto world!

For more strategies, follow the public account: KK Communication

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