Daily Market Analysis in Crypto (12.05) Summary: 1. Currently, there is a daily level upward movement starting from 52500, with its last upward movement at the 4-hour level. In last night's analysis, it was mentioned that there might already be a 4-hour upward movement in progress, and any one of the three conditions being met would confirm it. Additionally, as early as November 21, I indicated that a downward movement at the 4-hour level would begin below 100,000, and after this downward movement is completed, there will be another upward movement at the 4-hour level. If I must say something, I can only express that the urgency of this upward movement was beyond my expectations. 2. The Nasdaq is facing significant resistance near the 20000 round number; this position is undoubtedly the peak of the Nasdaq. 3. Due to liquidity issues, the A-shares need to wait for a drop in the US stock market to reach their peak. 4. The points over the past month have indeed been inaccurate, 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 at the daily level. This is not a 4-hour downward movement, but a daily level downward movement. 5. Today's market is roughly equivalent to the market on November 8, 2021. 6. There are four details worth noting. 7. The exchange rate of Ethereum against Bitcoin will go through two phases of catching up; the first phase should have already ended.
Operations: 1. Sell short for account $BTC at 84000, close 1/3 at 79000, and close all at 75000. Observe the rebound situation at the 75000 line, and you may also leave a portion of the base position to continue betting downward. 2. The exchange rate against Bitcoin for account $ETH has not yet ended; do not consider shorting. Wait until the Ethereum to Bitcoin exchange rate reaches above 0.05, then you can short Ethereum. 3. For account $SOL , place a sell 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 relatively deep, do not set a take profit for now.
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