The key to successful trading is emotional control. If intelligence were the key, a large number of people would have been profitable by now... I know this sounds a bit cliché, but the most common reason traders lose in the financial markets is that they fail to cut losses in a timely manner. This emphasizes again the importance of emotional management and risk control in investing.
This evening, after the Bitcoin touched the 97,000 mark, it continued to decline, falling to a low of 95,400. The evening news: the U.S. November ADP employment figure recorded an increase of 146,000, the smallest increase since August 2024. This should have been good news, but it resulted in another round of forced selling and a significant drop. It is very likely that there will be a drop before a rise. Our short position in Bitcoin set up this evening again gained 785 points, while Ethereum also secured 30 points, with the current price around 95,600.
From the current trend, after a wave of pullback for accumulation this evening, Bitcoin has also dropped nearly a thousand points. It is obviously time to buy, and just now Ethereum directly surged nearly 100 points, proving that there is still strong support below. Currently, it is very likely digesting the positive news from this evening, so we can buy the dip at midnight.
Bitcoin Strategy: Buy around 95,300, target 97,000
Ethereum Strategy: Buy around 3,800, target 38,701,580,788,063,843,194,741,709,577,775,763,64
