Crypto Daily Analysis (12.05)
Summary:
1. Currently, there is an upward movement on the daily chart starting from 52500, with its last movement being upward on the 4-hour chart. In last night's analysis, it was mentioned that there is a possibility of an upward movement on the 4-hour chart, and as long as one of the three conditions is met, it can be confirmed. Moreover, I indicated earlier, on November 21, that there would be a downward movement on the 4-hour chart starting from below 100,000, and after this downward movement, there will be another upward movement on the 4-hour chart.
If I must say something, I can only express that this upward movement happened so rapidly that it was unexpected.
2. The Nasdaq is facing significant pressure near the 20000 round number, which is undoubtedly the peak for the Nasdaq.
3. Due to liquidity issues, the peak of A-shares needs to wait for the decline of the US stock market.
4. The points have indeed been inaccurate in the past month, but from the perspective of the structure in the theory of cycles, it is still relatively clear. Currently, it is below 110,000 and is about to start a downward movement on the daily chart. Not a downward movement on the 4-hour chart, but a downward movement on the daily chart.
5. Today's market is roughly equivalent to the market on November 8, 2021.
6. Four details are worth noting.
7. The exchange rate of Ethereum to Bitcoin will undergo a two-phase adjustment, and the first phase should have already ended.
In terms of operations:
1. For the position of $BTC , close 1/3 at 84000, close 1/3 at 79000, close all at 75000. Observe the rebound situation at the 75000 level, and you may also keep a portion of the bottom position to continue betting downward.
2. The exchange rate of $ETH to Bitcoin has not yet ended; do not consider shorting. Wait until the exchange rate of Ethereum to Bitcoin reaches above 0.05, then you can short Ethereum.
3. For $SOL , place a short at 241.8 with a 5-dollar stop loss. If it breaks, place a new order at 256.5 with the stop loss at the previous high. The target may be set deep, so do not set a take profit for now.