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Cryptocurrency veteran Yang: Bitcoin market analysis and reference on December 4, 2024
Ethereum has closed with two consecutive red 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 volume reduction, and DIF and DEA are contracting from a high position. If today's K-line opens and continues to decline, it is very likely to find support at the rising trend line. The Bollinger Bands still show an upward opening, with the upper resistance level at 3850 and the middle support around 3390. Overall, Ethereum is in a stage of intense competition between bulls and bears, and the gains and losses at key points will significantly impact subsequent trends.
Ethereum's four-hour chart has fallen into the EMA trend indicator range. The upper resistance level is at 3620, where EMA12 and EMA26 intersect. MACD shows a trend of volume reduction and accumulation, with DIF and DEA breaking down through the 0 axis. Although the lower Bollinger Band at 3560 has been breached, clear support is evident in the short term, and it is expected to challenge the middle Bollinger Band at 3660. At this point, the market has approached the bottom support point and entered a sensitive trading zone. Investors should not hesitate, and when entering the market, be sure to prepare defenses and set stop-loss levels. If the trend does not meet expectations, exit with a small loss; if the judgment is correct, then there is a chance of profit.
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, prioritizing the security of funds. The core pursuit and goal of short-term trading is to exchange a small stop-loss cost for the opportunity for significant profits.
Short-term strategy:
Sell short between 3700 and 3750, add to position at 3750, stop loss at 50 points, target between 3600 and 3550
Buy between 3450 and 3500, defend at 3350, stop loss at 50 points, target between 3700 and 3750
Disclaimer: The above analysis represents the author's personal opinion and does not constitute specific operational advice. Any actions taken based on this are at your own risk; investment carries risks, and caution is required when entering the market.
This content is exclusively planned and published by cryptocurrency veteran Yang. For more real-time investment strategies, spot contract trading techniques, and operational skills, you can consult me for learning and communication. I have focused on BTC, ETH, and altcoin spot contracts for many years, hoping to help you achieve brilliant results!
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