Daily Market Analysis in Cryptocurrency (12.02)

Summary:

1. I apologize, I've been quite busy with personal matters recently. Honestly, there isn't much to discuss regarding the market. For Bitcoin, you can refer to the trends after October 20, 2021. I mentioned in the last analysis that it would first reach the daily EMA15, and indeed it did, right? After the 4-hour downtrend post-October 20, 2021, it also saw a 1-hour uptrend after hitting the daily EMA15, resulting in a rebound, and the price closed above the daily EMA5 before making the final 1-hour downtrend. I'm not sure where the issue lies.

2. I have been a bit preoccupied with personal matters lately, and you all seem to think I disappeared; I didn't even get to send out yesterday's commission. Now, I'm posting around 98,000, and I'm saying that we should start looking at the 1-hour downtrend now, is it time?

3. I maintain my previous stance; I am not optimistic about a major bull market next year.

4. In the 4-hour candlestick chart, we are currently experiencing a structure of a triple impulse wave. For the day, I am leaning towards a bearish outlook.

5. This 4-hour downtrend for Bitcoin normally would lead to the daily EMA30, weekly EMA5, and 4-hour EMA125. The specific levels will depend on the pattern, whether it is a triangle convergence or an N-shaped structure.

6. I want to emphasize again that the exchange rate of Ethereum against Bitcoin is currently the safest asset.

7. What will happen if this 4-hour downtrend is completed?

Operations:

1. Position $BTC : close half of the short position at around 91,500 to break even, and observe the rebound strength at this level. As long as it doesn't trigger the break-even, the remaining short position should be exited when the price hits the daily EMA30 (89,900). This should happen around Wednesday/Thursday.

2. Position $ETH : consider going long near the daily EMA15 (3,470) on a pullback, holding the long position for at least 48 hours.

3. Position $SOL : attempt to go long near the daily EMA30 (222) on a pullback; if stopped out, don’t rush, and place another order around EMA60 (near 200) to catch it.