Daily Market Analysis in Crypto (12.04)
Summary:
1. I initially didn’t have time to update the analysis today, but since we are at a critical juncture, and many people have been asking privately, I took some time to put together an analysis for the fans. I may not have time to write in the coming days.
2. ADP employment data and the economic situation in the United States.
3. US stock futures are rising, but the pre-market data after 9:30 is the only data that can be referenced.
4. In yesterday's analysis, I mentioned that prices would rise after 10 PM, focusing on the resistance at the 97000 level. So if you want to short the market, I hope you can be a bit objective before criticizing me. Some criticism I can accept, for example, some say TIA's rise is also quite ordinary, and I actually want to refute that, as some say I am the head of the bears.
5. Are we starting to make a 4-hour level upward move? Focus on the current price's shape and situation within the triangle convergence.
Operations:
1. For the short position at $BTC , close half at the 91500 level to break even, and observe the rebound strength at 91500. As long as the break-even point is not triggered, the remaining short position should be exited when the price hits the daily EMA30 (89900).
2. For the long position at $ETH , make a long near the daily EMA15 (3510), hold for at least 48 hours, or exit at 3800.
3. For the long position at $SOL , make a long near the daily EMA30 (223), hold for at least 48 hours, or exit at 245.
4. Pay attention to the price situation within the triangle convergence for Bitcoin:
4.1. If two consecutive 4-hour K-line bodies close above the triangle convergence, stop loss on the short position.
4.2. If it stabilizes above 98000 for more than 4 hours, stop loss on the short position.
4.3. If it touches 98500, stop loss on the short position.
Of course, considering that the next upward move at the 4-hour level is the final 4-hour upward move at the daily level. So if the liquidation price is high enough, it is also possible to hold the current short position as a long-term short. Because considering the current fees, it is still relatively friendly for bears.