Coin⭕ Morning Report 🥇🥇🥇 2024-12-20

BTC 4-hour K-line trend:

Resistance level: around 99345～101073

Support level: around 94230～95903

ETH 4-hour K-line trend:

Resistance level: around 3526～3615

Support level: around 3110～3255

Technical analysis:

The MACD indicators of Bitcoin on the 2-hour, 3-hour, and 4-hour charts are all showing a bearish divergence (accelerating price decline). The small and medium-term patterns below the 6-hour mark have already changed (resonance downward trend). The short-term trading strategy is to short on high prices. The best opportunity to enter short positions is when the price rebounds to the 15-minute, 30-minute EMA60 moving average, the upper Bollinger band, the double top resistance level, or important neckline resistance levels.