The morning thoughts have been validated, and the mindset follows the market trends. Understanding how to adapt is essential to keep up with the rhythm. This friend has been traveling in Harbin recently and missed out on most of the market trends from the past couple of days, but there’s no need to regret it. Making money is for enjoying life; otherwise, what’s the point?

Morning Thoughts on December 4:

Bitcoin rebounded after a dip yesterday, completing a big V reversal. Currently stabilizing upwards, the short-term trend is expected to continue bullish. This is the nature of the current market; consolidation is normal, but as long as the direction is clear, it becomes evident. Continuing the downward trend in the evening, after hitting the lowest point around 93620, bulls formed a rebound, moving back and forth, with a peak recovery above 96000 in the early hours. After the price experienced a dip last night, bulls quickly provided recovery space, and now, after warming up, it is again in a fluctuating pattern. Recent rebounds have all come with corrections or dips. Correction is a process of accumulating energy, and after effectively building a new support platform, a new upward movement can be initiated. All current consolidation actions are moving horizontally within a predetermined range, using the method of exchanging time for space to accumulate the demand for upward movement. Moving forward, it is suggested to maintain a bullish stance during pullbacks for short-term positioning!

Bitcoin can be bought in the range of 95300-94800, targeting around 97500;
Ethereum can be bought in the range of 3580-3550, targeting around 3750.

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