A new month is here, and December can undoubtedly be confirmed as a month of bull markets, a month with significant trends! December 1st, good afternoon brothers!
✅️ Market summary and analysis
Last night, Brother Yu mentioned that the past few months have mainly seen pullbacks at the beginning of the month, and sure enough, altcoins basically corrected by 5-10% this morning, while Bitcoin and Ethereum are also experiencing range-bound fluctuations! Currently, the price for Bitcoin (BTC) is around 96,400, and Ethereum (ETH) is around 3,690, overall it's fine, with no obvious downtrend!
In December, Brother Yu is firmly bullish, of course, this process will inevitably involve some wash trading, so brothers should be cautious with contracts, especially in these first few days of the month, as volatility may be quite large, plus there are some important meetings in the coming days that could affect market fluctuations.
Bitcoin is definitely going to break the 100,000 mark this December, and Ethereum's target is to break through 5,000-6,000 here!
Daily resistance and support
BTC resistance 96,800/97,500/98,300
Support 96,000/95,200/94,500
ETH resistance 3,738/3,800/3,880
Support 3,650/3,580/3,500
The market is undoubtedly bullish, buy on dips, and accumulate
✅️ Spot market and primary market
Friends in Brother Yu's group or community should know that the coins Brother Yu has recently recommended are still quite good, as they typically start to rise one or two days after being recommended. The profits from the coins we previously laid out like ENS, SSV, WLD, etc., are quite nice, and the small coins recommended in the last couple of days, OL and FLR, have also seen good growth. Of course, during a bull market, the code is one thing, but being able to hold onto it is another. Many coins will enter a correction phase after a surge; whether you can withstand this correction depends on your personal understanding of the coin. Brother Yu regrets missing out on Algo, as he sold early at 0.24 after acquiring it at 0.16, missing out on more than double the gains. However, it doesn't matter; the spot market is currently in a general upward phase!
Hold onto what you have, manage your positions well, and don't worry, what is meant to come will come!
December 1st, Brother Yu's main holdings
ETH WLD OP ORDI MEME LPT DOT AI TRB
Coin-denominated long position Op Cost 2.05
DOT Cost 8.08
