Track the real-time hot spots in the cryptocurrency circle and seize the best trading opportunities. Today is Monday, December 2, 2024. I am Wang Yibo! Good morning, fellow cryptocurrency friends☀️Iron fans check in👍Like and make a fortune🍗🍗🌹🌹
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A new week is coming again, and a new layout is about to start. This week will be a watershed in the market. First of all, we need to pay attention to the Federal Reserve's decision on interest rates on the 9th! Secondly, after Trump takes office, can he promulgate a series of policies to stimulate the economy and benefit the currency circle as he said before his victory? Can these policies be promulgated smoothly? At present, the overall trend is still expected to continue to reach new highs! The 100,000 mark has become an important resistance level at present! So we need to focus on the gains and losses of the 10 major marks this month! From the intraday point of view, the rotation of the old cottage is about to end, and the new cottage and the new cottage, the cottage season is slowly kicking off. In fact, every time the cottage season comes, Bitcoin will show a grinding trend. If Bitcoin is booming, then there will be no cottage market. This trend is in line with the unique characteristics of the bull market. The grinding trend of Bitcoin belongs to the accumulation of momentum before breaking through 100,000 US dollars. Large funds will stroll in the cottage market first.
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After a slow consolidation over the weekend, Bitcoin bulls welcomed a rebound, recovering the high point of 97850 reached earlier today. After hitting a low of 90866 on the 27th, BTC did not linger at the low for long, quickly rebounding to around 98700 in just two days, indicating strong bullish momentum. The bulls are showing a trend of slow upward movement and gradual continuation. The recent frequent consolidation seems to be creating fog to confuse our judgment. However, the overall trend is still within the bull market range. Therefore, in terms of operational strategy, we should continue to adhere to the principle of low-position long trades.
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Ethereum showed relatively strong performance over the weekend, spending most of its time in high-level consolidation. The bulls then exerted force to set a new short-term high, reaching a halt at 3746. From a technical structure perspective, the daily level has once again closed with a bullish candle, the Bollinger Bands continue to open upwards, the price is gently rising, and the moving averages are steadily advancing. Technical indicators are progressing in unison, displaying a slightly strong volatility pattern. Although the market still faces a period of consolidation, supported by strong lower support levels, the price is in a process of effective recovery. Currently, the short-term rebound has somewhat slowed down; the predominant direction remains bullish, and we will first observe the extent of the recent pullback before entering long positions.
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The long-awaited Shiba Inu (SHIB) has finally exploded, surging to $0.00003318 with an increase of 17.2%. A significant portion of the destruction is attributed to a major transaction. The SHIB burn mechanism is a community-driven effort aimed at reducing the supply of tokens and increasing their scarcity. After the burn event, as of now, the total market supply of SHIB is approximately 589.26 trillion tokens, with the remaining supply supporting the market activity of the token. Additionally, the price of Shiba Inu may target an annual high of $0.000045 and has the potential to break through the historical high formed during the 2021 bull market, preparing to set a new historical high.
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💎In this market, ultimately, it is about ability. If your ability is insufficient, what the market gives you will eventually be returned one day. Therefore, when your wealth exceeds your ability, it is necessary to control drawdowns. Although this control is often futile, that arrogance and hubris from profits will ultimately destroy a person's rationality. However, we need not worry about our wealth being less than our ability in the capital market, because this imbalance will eventually be corrected by time. If it is not corrected, there is only one reason: insufficient ability. If you are still in a state of confusion, not understanding techniques, unable to read charts, not knowing when to enter the market, unable to set stop losses, not knowing when to take profits, randomly increasing positions, stuck in bottom-fishing, unable to hold profits during volatility, and unable to seize opportunities when the market arises, these are common problems among retail investors. But it doesn't matter, come find me, and I will guide you to think correctly about trading. A profitable trade speaks louder than a thousand words. Rather than facing repeated defeats, come to Yi Bo! Frequent operations are not as good as precise trades; let every trade be valuable. What you need to do is find Yi Bo, and what we need to do is prove that our words are not empty. 24-hour real-time guidance, the market fluctuates relatively quickly. Due to the impact of review efficiency, the subsequent market trend is mainly based on real-time setups. Friends in need of contract guidance can scan the QR code below the article to add my public account.
