No time to explain, today is a busy day, today is the first day of December, welcoming a new month, wishing everyone peace, health, and everything goes well. A sharp drop or major correction is expected this month 🈷️. Yesterday many altcoins surged rapidly, long positions should take profits now. Currently, there are risks of profit-taking by some major players, it is recommended to sell one-third of the overall funds for risk control and to buy low to reduce the average purchase price.
Quick summary of today's key points:
1: The US Bitcoin ETF purchased 71,570 bitcoins in November, setting a record, with real money entering the market.
2: On November 30, the US Ethereum Spot ETF had a net inflow of $332.9 million, no wonder Ethereum is so strong; mainstream support is prioritized for Ethereum, and a spike is an opportunity.
3: Next week the Federal Reserve, on December 5, Powell will give an important speech, and the market is focused on how non-farm payroll data will affect interest rate cut expectations.
4: Bitcoin currently has a double top pattern on the 4-hour chart, Ethereum has completed its catch-up, under high volatility, Ethereum should try to support and maintain a high safety factor.
5: For all cryptocurrencies, short-term advice is to set three support levels and stagger buy orders to reduce holding costs; slow is fast, making money is better than going all-in and losing.
6: The major players' trading methods are extremely volatile with both long and short positions fluctuating by more than 30%; it is recommended to set staggered buy orders at three support levels with a 10-point spread, positions of 2, 3, and 5 are stable.
7: SOL has been consolidating for several days; those looking to catch up can try at 233 and 238, with defense set at 225.