December 4th Early Thoughts:

In the recent market, do not hold onto trend fantasies; selling high and buying low, along with timely profit-taking, is the correct path. The current washout and cutting of leeks methods are evident, and Tan Sen was also unable to escape today. The initial short position was correct, but due to greed, trying to aim for the 93000 level, the rebound was unexpectedly rapid, not only losing a cooked duck but also being stopped out, which is truly frustrating. After this experience, I will certainly learn a lesson and not repeat the same mistakes. Observing this swinging and fluctuating state, it seems that there is potential for upward breakouts when moving up, but when moving down it feels as if a major drop is imminent, so one must not blindly trust the rapid fluctuations in front of them. In the cryptocurrency circle, the rapid rise and fall of the market is indeed a normal range of fluctuations; if the fluctuating market trend is sluggish, the coin price is likely to lose its trading value and significance.

On the 4-hour cycle, after the MACD histogram turns from negative to positive and then back to negative, it indicates short-term pullback pressure. The DIF line and DEA line are close to the zero axis, with no clear golden cross or dead cross signals. RSI is around 50 and slightly below the overbought range, indicating a neutral to weak market state. The price is below the EMA7, while EMA30 and EMA120 are above it, suggesting a short-term bearish trend with signs of upward movement in the medium to long term. In terms of operations, Tan Sen suggests focusing on short-term trades, paying attention to resistance at 97500 and 99000 above and support at 93000 below.

For Bitcoin: 96500-96800 short, looking down to 93800-94200

For Ethereum: 3600-3620 short, looking down to 3480-3500

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