The CPI in Japan has rebounded, and students should pay attention to risks. The probability of interest rate hikes in Japan in December may increase. Currently, the market, whether it's the U.S. stock market or Bitcoin, will benefit from the liquidity of the yen. Why? Because isn't the younger brother helping the older brother a labor of love? 😁
Interest rate hikes in the yen will change the liquidity of the underlying market. December may not be as good as it seems. Don't let the optimistic atmosphere cloud your judgment. Stay calm.
🍊 Market Outlook on December 4th. 🍊
$BTC Perspective:
It seems like nothing has happened after waking up, and that's the magic of cryptocurrency.
Bitcoin has broken through with volume at 95865, closing above 95865 on the hourly candle. Keep buying on the right side and recover stop losses.
If Bitcoin retests 95289 and shows a false breakdown, you can buy an extra hand. If there's no false breakdown recovery action, don't buy more. Stop loss at the low of the false breakdown.
If 95289 breaks down with volume and fails to recover, sell on the right side and recover stop loss. Pay attention to changes in volume.
Watch out for 97300 above Bitcoin; if a 2b false breakout occurs, you can sell one hand. The high of the false breakout is the stop loss level.
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Conservative players should wait for 93724 to buy directly. If it breaks below 93170, you must stop loss. Remember to use light positions for left-side orders.
Resistance above: 96725-97430-98361
Support below: 94978-94085-93113
Bitcoin must break through 96334 to open up upward space; otherwise, it will still be in a volatile consolidation. Bitcoin cannot drop below 95256; otherwise, it will be the same as yesterday.
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$ETH Thoughts:
Altcoin has broken through 3668 with volume, buy on the right side and recover stop loss.
If Altcoin retests 3641 and confirms support is effective, you can buy an extra hand; stop loss if it breaks down.
If 3641 is breached with volume, sell on the right side and recover stop loss.
Left-side orders: buy directly at 3510, retreat if it breaks below 3476.
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Watch for light short positions above Altcoin at 3766; stop loss if it breaks 3800. The exchange rate for Altcoin is consistently rising across the 4-hour high and low points.
Resistance above: 3715-3766-3836
Support below: 3631-3599-3551
In recent days, the market has frequently fluctuated up and down. Students should keep good stop losses. If you have floating profits, remember to bring up cost protection to avoid losses.