As a senior figure in the cryptocurrency space, I have been deeply involved in this charming and challenging industry for many years. I have experienced the ups and downs of the cryptocurrency market, witnessed the rise and fall of countless coins, and accumulated rich practical experience and unique market insights. Investment is a long-term practice, especially in the cryptocurrency space. Continuous learning and improving one's cognitive and judgment abilities are essential to move steadily in this challenging field.
Old Yang of the cryptocurrency world: Bitcoin market analysis for December 1, 2024.
The daily chart of Bitcoin fluctuates between 98500 and 95000. Yesterday's long and short strategies did not align with the trend. Adhering to the principle that it is better not to trade than to trade incorrectly, investors are still waiting for the right opportunity. The EMA12 trend fast line has dropped to 94978, and MACD continues to shrink. DIF and DEA are diverging downwards at a high level, indicating a lack of upward momentum. A new round of contraction in the Bollinger Bands suggests a reverse movement is imminent, with the 100,000 mark becoming a key breakthrough point. The upper band is pressed at 110,000, the middle band at 93813 has been broken, and the lower band is at 86792. A KDJ golden cross appears, with bulls temporarily in the lead; however, the market direction remains unclear, and it is necessary to closely monitor indicator changes and make cautious investment decisions.
The four-hour chart of Bitcoin shows bullish signals, with a very clear target. The key support is at EMA26's 96000. MACD volume is decreasing, and DIF and DEA are tightening at a high level. The Bollinger Bands are also contracting, with the upper band at 98000 and the lower band at 94600. The current market sentiment is stable, but the main strategies are unpredictable. Risk management is crucial at this moment; regardless of long or short positions, stop loss settings are indispensable to prevent forced liquidation.
Short-term strategy:
Short position from 97800 to 98500, add position at 99500, stop loss at 500 points, target 96000.
Long position from 94000 to 95000, add position at 93000, stop loss at 500 points, target 96500.
Disclaimer: The above analysis only represents the author's personal opinion and does not constitute specific operational advice. Any operations based on this are at your own risk, as investment carries risks and one should be cautious when entering the market.
This article is exclusively planned and published by Old Yang of the cryptocurrency world. If you want to know more about real-time investment strategies, spot contract trading techniques, and operational skills, you can consult the author for learning and communication. I have focused on BTC, ETH, and altcoin spot contracts for many years and hope to help you achieve splendid results!
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