Tracking real-time hotspots in the cryptocurrency circle, grasping the best trading opportunities. Today is Sunday, December 1, 2024, I am Wang Yibo! Good morning to all cryptocurrency friends☀️ Hardcore fans check-in👍 Like and make a fortune🍗🍗🌹🌹
💎
💎
Today marks the beginning of a new month, with only the final monthly candle left to close out 2024. Looking back at the explosive market in November, Bitcoin had a massive surge reaching the 100,000 mark, and Ethereum also showed a declining trend but recovered above 3700, just a step away from 4000. Established altcoins like XRP, DOGE, LTC, ADA, etc., have all shown varying degrees of appreciation. The bull market we have been waiting for has quietly started without us realizing it. Even if there is no altcoin season currently, some cryptocurrencies have shown strong and pleasing gains. In the process of investing and operating in the cryptocurrency market, we must align our thoughts and strategies with the rhythm of market sector rotations, ensuring we ambush ahead of others. Otherwise, in the vast sea of cryptocurrencies, we will ultimately remain just passersby. Let's join hands with Yibo to create brilliance in the final battle of December!
💎
💎
Bitcoin continued the weekend's consolidation rhythm yesterday. From a technical structure perspective, the weekly chart has shown three consecutive positive candles after a previous wide range of consolidation, all presented with large entity bullish candles. Later, the price came under pressure after reaching the 100,000 mark, forming a downward bearish candle. After establishing support at the bottom, bulls quickly counterattacked, reclaiming lost ground, with the price maintained above the upper track. The accompanying MACD indicator has shown a bullish crossover with increasing volume, further confirming the structural strength; thus, the overall market direction remains bullish. In the daily chart, the Bollinger Bands are closing upwards, and the price has stopped above the middle band after a series of downward movements. The middle band shows strong support, and as long as it does not fall below the middle band, maintaining a bullish outlook is still the primary stance. The current structure is very clear, overall revolving around the bullish trend. In the future market, a pullback to 94,000-93,000 presents a long-term investment opportunity.
💎
💎
Ethereum has started to rebound and strengthen. In the weekly level, it has formed a series of large positive candles, and structurally it is also relatively strong, with a continuation feel. It has stabilized after a pullback above the low point of 3531, recovering the upward trend. The pullback space from the previous day has been fully recovered, with the closing above 3700 at a high level. In the daily level, the positive candle has closed higher and has once again broken through the recent new high. The market is oscillating and testing highs again. Today's weekly closing work does not rule out a repeated probing and retracing pattern. Overall, from the 4-hour chart, it is still in an upward trend, but the market shows a step-by-step retracement approach, with each high accompanied by a retracement. The previous wave's high shadow was recovered and ascended the next day, with no continuity in the pullback. The short-term critical point is 3530, which is also a top-bottom replacement point. Above this level, the bullish trend remains unchanged, but it will also be accompanied by repeated oscillations, which is the oscillating pattern of stepping up and looking back. Moreover, the increase in volatility will further test the entry point. In operation, wait for stabilization after a pullback and then choose to go long at a low point. The first support level is around 3650, combined with the hourly chart pattern for live arrangements.
💎
💎 In this market, ultimately it is about ability. If your ability is insufficient, what the market gives you will eventually need to be returned one day. Therefore, when your wealth exceeds your ability, it is necessary to control the drawdown. Although this control may just be in vain because that kind of arrogance and hubris from profits will ultimately destroy a person's rationality. However, we do not have to worry about our wealth being lower than our ability in the capital market because this imbalance will eventually be corrected by time. If it hasn't been corrected, there is only one reason: your ability is insufficient. If you are still in a confused state, not understanding technology, unable to read charts, unsure of when to enter the market, unable to set stop losses, unaware of when to take profits, randomly increasing positions, catching the bottom and getting stuck, unable to hold onto profits through the ups and downs, missing opportunities when the market comes, these are common issues for retail investors. But it doesn't matter, come to me, and I will guide you to think correctly about trading. A single profitable trade is worth more than a thousand words. Instead of repeatedly losing battles, come to Yibo! Frequent operations are not as good as precise ones; let each trade be valuable. What you need to do is find Yibo, and what we need to do is prove that our words are not false. 24-hour live guidance, the market fluctuations are relatively fast. Due to the effectiveness of the review process, the subsequent market trends will mainly rely on real-time arrangements in live trading. Friends in need of contract guidance can scan the QR code below the article to add my public account.
