Crypto market early occurrence 2025.5.16 Friday Analysis of the market trend🖥 Forecasting future trends
Analysis of Bitcoin and Ethereum price trends, wealth codes, long and short ambush points…
BTC 4-hour K-line trend: Resistance level: around 104314~105670 Support level: around 102898~101772
ETH 4-hour K-line trend: Resistance level: around 2586~2635 Support level: around 2491~2449
Technical analysis: 1. Bitcoin 4-hour cycle K-line shows a volume decrease and an upward trend (as of 6:52 AM~see screenshot), the 4-hour K-line forms a “W” double bottom pattern, current volume performance is poor, please pay attention to the indicated resistance level above, do not blindly chase highs, consider doing long orders or spot layout at the indicated support level in the screenshot; 2. Bitcoin daily line below big, medium and small cycle trend indicators resonate bullish trend, short-term operations buy on dips; 4-hour, 6-hour, 12-hour K-line dynamic lotus emerging pattern indicates that prices will continue to move in a bullish trend later, short-term operations buy on dips; 3. Bitcoin 6-hour~12-hour cycle MACD indicators all show no root water pattern, prices still have a demand for correction, short-term operations buy on dips, once the price in the 15-minute, 30-minute small cycle corrects to the EMA60 moving average, double bottom or important neckline support level, it is the best opportunity to enter long orders🥰; (Please bring stop-loss measures, buckle your seatbelt and take three measures to protect against losses~there are teaching courses) {Contract thinking}; Spot trading thinking: When the price corrects to the important support levels indicated above, you can lightly place long orders to enter the market {spot thinking};
Investment involves risks, enter the market with caution, the above analysis is for reference only! Everyone can also make corresponding layouts for mainstream coins, sub-mainstream coins, and altcoins based on Bitcoin's correlation effect!
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