Track real-time hot topics in the crypto space and seize the best trading opportunities. Today is Thursday, December 5, 2024, I am Wang Yibo! Good morning, fellow coin enthusiasts! ☀️ Hardcore fans check in 👍 Like to make big profits 🍗🍗🌹🌹
💎
💎
Last night, the three major indexes collectively closed higher: the Dow Jones rose 0.69%, the Nasdaq rose 1.30%, and the S&P 500 index rose 0.61%. All three major stock indexes hit record closing highs. Last night, Powell was very clear in an interview, sending out signals for interest rate cuts, believing that the current unemployment rate is still low and that interest rate cuts can continue. He also publicly supported Bitcoin, stating that Bitcoin is like gold, which can be seen as an official endorsement of digital gold. He emphasized that the interest rate cut cycle will not change. After the news broke, Bitcoin broke through several days of resistance, leading the crypto market to once again exhibit a chaotic surge, with most old coins even doubling in value. However, such trends may also see sector rotations at any time. If you blindly chase high prices during such trends, you might find yourself stuck.
💎
💎
In this cycle, there is no talk of altcoin seasons. It feels like we are constantly experiencing confirmation-falsification-confirmation-falsification, in such a loop. Indeed, who could have predicted that VC coins would be so down this year, and who could have anticipated that after Trump's rise to power, old coins would soar? LTC, BTC, ETH, EOS, XRP have all surged significantly in the past few weeks. The crypto industry is just that thrilling; no one can perfectly predict it, and there are always surprises and shocks. However, during this dramatic rise of altcoins, many people complain that they haven't made any profits; they are either stuck or forced to sell at a loss. It's actually quite simple: you are always out of sync with the rhythm, unable to keep up with the rotation of sectors, jumping back and forth while not believing in the power of news and narratives. Your trading strategy is always probing the predictions of “experts.” Many of these so-called “experts” rely on moving averages, candlestick patterns, cycles, this wave, that wave, sometimes golden crosses and sometimes death crosses, completely lacking a system and rhythm of their own for trading. In financial markets, trading operations should follow the market's trend rather than the rhythm of these “experts”!
💎
💎
After Bitcoin retraced to around 94650, bullish momentum returned, and leveraging the pullback, Bitcoin reached a high point of 99099, facing resistance. Bitcoin has been steadily rising, returning to the 98000 line, and the daily level shows a strong bullish breakout from the previous consolidation range. Therefore, today it is highly likely to directly break through 100,000. We will continue to follow the trend and go long; in this kind of market, a pullback can lead to a direct long position. The previous pressure has already been broken, and there are indeed frequent major moves. From the hourly level, the coin price has shown strong rises; under the condition that the larger trend remains unchanged, all pullbacks may be inducements to short. This means that when the market experiences a brief pullback, one should calmly analyze the overall market trend and support levels. As long as the bullish momentum remains effective, the held long positions can continue to be retained. It is expected that there will be another wave of upward movement in the morning, and friends who have not entered the market yet can wait for a pullback before bottom-fishing and going long.
💎
💎
After Ethereum's midnight pullback at the 3736 line, it simultaneously surged upwards, reaching a peak of 3891 in the early morning, once again refreshing the high point. The coin price is experiencing a process of testing high resistance, continuously confirming high points, and the overall trend presents a rhythm of consolidation and correction. The market space is gradually converging, and the oscillation and competition within the high range are becoming increasingly intense. In the medium term, we still need to patiently wait for the opportunity to break through. On the 4-hour level, the coin price is rising around the middle track and gradually recovering the previous losses. In the short term, as long as it does not fall below the starting point, the downside space will be somewhat limited, maintaining a bullish outlook.
💎
💎
In this market, ultimately it comes down to ability. If your ability is insufficient, the market will eventually take back what it gave you. Therefore, when your wealth exceeds your ability, you need to control your drawdown. Although this control may be futile, that kind of arrogance and hubris from profits will ultimately destroy a person's rationality. However, we do not need to worry about the situation where our wealth is lower than our ability in the capital market, because this kind of imbalance will eventually be corrected by time. If it hasn't been corrected, there's only one reason: your ability is insufficient. If you are still in a state of confusion, not understanding technology, unable to read the market, not knowing when to enter, unable to stop losses, not knowing when to take profits, recklessly adding positions, getting stuck while bottom-fishing, unable to hold onto profits during roller coasters, and missing opportunities when the market comes, these are common problems for retail investors. But that's okay, come find me, and I will guide you on the right trading mindset. A single profitable trade speaks louder than a thousand words; rather than continuous defeats, come find Yibo! Frequent trading is not as good as making each trade precise, making every trade valuable. What you need to do is find Yibo, and what we need to do is prove that our words are not empty. 24-hour real-time guidance, the market is fluctuating relatively fast. Due to the impact of review efficiency, for subsequent market trends, we will mainly focus on real-time layout. Friends who need contract guidance can scan the QR code below the article to add my public account.
