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Crypto Circle Old Yang: Bitcoin Market Analysis and Reference on December 4, 2024
Bitcoin's daily fluctuations are intense, with the high already reaching 96,300 and having broken below the EMA12 trend support of 95,400. At this moment, focus on whether the daily line can return to and stabilize above the EMA12. If achieved, the main force may launch a strong attack, and investors should not exit too early. In terms of technical indicators, MACD is reducing volume and declining, with DIF and DEA expanding at high levels. The Bollinger Bands are contracting, with the K line above the middle track at 94,900, the upper track facing pressure at 100,400, and the lower track supported at 89,000. As long as the major trend support is solid, pullbacks are mostly false signals for shorting. Investors need to closely monitor key positions and make timely investment decisions.
The four-hour chart trend of Bitcoin is not optimistic and continues to contract downward. First, it broke below the EMA26 trend line at 96,000, followed by a false break of the EMA90 trend support point at 94,300. In terms of technical indicators, MACD is continuously reducing volume and increasing positions, with DIF and DEA starting to contract after falling below the 0 axis. The Bollinger Bands are showing an opening diffusion trend, indicating that the overall trend is constantly seeking bottom support strength, and continuously breaking through previous lows. In this situation, entering long positions must strictly set stop-losses, prioritizing risk management. Short positions may consider layout above 97,500, flexibly adjusting trading strategies.
Key points of short-term trading strategy: The market is unpredictable, and there is no absolute certainty. Therefore, it is essential to set stop-loss points, prioritizing the safety of funds. The core pursuit and goal of short-term trading is to exchange a small stop-loss cost for opportunities for significant profits.
Short-term strategy:
Long from 94,000 to 93,500, add positions at 93,000, stop-loss at 500 points, target 95,600 to 96,500.
Short from 97,000 to 97,500, add positions at 97,500, stop-loss at 500 points, target 95,000 to 94,000.
Disclaimer: The above analysis only represents the author's personal opinion and does not constitute specific operational advice. Any trading based on this is at your own risk. Investment carries risks; please be cautious when entering the market.
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