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Crypto veteran Yang: Bitcoin market analysis and reference for December 4, 2024
Ethereum has closed with two consecutive bearish candles on the daily chart, gradually approaching the EMA12 trend support at 3540, although the overall trend of the EMA remains upward. However, a long lower shadow has appeared. In terms of technical indicators, MACD shows a reduction in volume, and DIF and DEA are contracting from a high position. If today’s daily K-line continues to move lower after opening, it is likely to find support at the rising trend line. The Bollinger Bands still show an expanding upward opening; the upper resistance level is at 3850, and the middle support level is around 3390. Overall, Ethereum is in a phase of intense competition between bulls and bears, and the gains and losses at key points will have a significant impact on subsequent trends.
Ethereum's four-hour chart is trapped in the EMA trend indicator range. The upper resistance level is at 3620, where EMA12 and EMA26 intersect. MACD shows a decreasing volume trend, with DIF and DEA breaking below the 0 axis. Although the lower Bollinger Band at 3560 has been breached, short-term support is evident, and it is expected to challenge the middle Bollinger Band at 3660 in the future. At this point, the market is close to the bottom support point and has entered a sensitive trading zone. Investors should not hesitate; when entering the market, be sure to defend yourself and set a stop loss. If the trend does not meet expectations, exit with a small loss; if the judgment is correct, there is a chance to secure profits.
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 levels and prioritize the safety 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:
Short position from 3700 to 3750, add to position at 3750, stop loss at 50 points, target 3600 to 3550
Long position from 3450 to 3500, defend at 3350, stop loss at 50 points, target 3700 to 3750
Disclaimer: The above analysis only represents the author's personal opinion and does not constitute specific operational advice. Trading based on this analysis is at your own risk. Investment carries risks, and caution is required when entering the market.
This content is exclusively planned and released by Crypto veteran Yang. If you want to learn more about real-time investment strategies, spot contract trading methods, operational techniques, and other knowledge, feel free to 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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