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Old Yang from the cryptocurrency circle: Bitcoin market analysis and reference for December 2, 2024
The daily chart shows a high-level consolidation pattern. The EMA12 trend indicator is at 95400. The MACD indicator is decreasing in volume, with DIF and DEA turning downward at high levels, forming a top divergence pattern with the K-line, which is an important warning signal for market changes. Meanwhile, the Bollinger Bands are gradually contracting, yet the upper band is pushing upward against the trend, reaching 100800, indicating certain upward momentum. In fact, it is secretly gathering strength for a breakout. The subsequent market may have new breakthroughs and directions in the interplay of bulls and bears, which is worthy of close attention and in-depth analysis.
The four-hour chart has begun a continuous upward journey, with the EMA12 trend fast line support near 97000. MACD shows an increasing trend in volume, and DIF and DEA are continuously expanding at high levels. The Bollinger Bands have contracted, with the upper band reaching 98000 and the lower band dropping to 95600. The current short-term trend indicates that it is time for wave operations. Patience is required for a pullback. Under the premise of a stable large-scale trend, a pullback is not a trend reversal but an illusion to induce short positions. In reality, it is an excellent opportunity to go long. At this time, one must stay calm, grasp the entry timing, and not be misled by short-term fluctuations.
Key points of short-term trading strategy: Market conditions are unpredictable, and there is no absolute certainty. Therefore, it is essential to set stop-loss levels and prioritize the security of funds. The core pursuit and goal of short-term trading is to exchange a small stop-loss cost for a significant profit opportunity.
Short-term strategy:
Sell between 98300 and 99000, add position at 99500, stop loss at 500 points, target 97000
Buy between 94000 and 94800, add position at 93000, stop loss at 500 points, target 96500
Disclaimer: The above analysis content only represents the author's personal opinion and does not constitute specific operational advice. Trading based on this may result in profits or losses at your own risk. Investment carries risks; please proceed with caution.
This article is exclusively planned and published by Old Yang from the cryptocurrency circle. If you want to learn more about real-time investment strategies, spot contract trading techniques, operational skills, and other knowledge, you can consult the author for learning and exchange. Focusing on BTC, ETH, and altcoin spot contracts for many years, I hope to help you achieve brilliant results!
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