It should rise

Will it reach 200,000 next year?

Makes sense

Ten Pieces of Advice from Master Si for Spot Investors:
1. You can trade short-term, but do not operate frequently.
2. Do not make impulsive buying and selling decisions while watching the market; do not act too hastily, and operate according to plans and rules.
3. The more obvious the trend, the easier it is to make a profit; therefore, do not trade during unclear trends or consolidation phases, only follow clear major trends.
4. Do not gamble on directions; a trend can only be considered to have the possibility of changing when the time or amplitude exceeds the previous trend.
5. Do not take large positions to avoid hitting stop-losses due to minor fluctuations.
6. Do not reduce stop-loss points to increase position size, leading to frequent stop-losses and ultimately unable to withstand normal fluctuations.
7. Do not enter or increase positions during sharp rises or falls with significant volatility (increasing positions turns into gambling on direction; you should only close positions and observe).
8. What determines winning or losing is the entry point, not the direction; therefore, you must build positions during corrections in the major direction.
9. Close positions at the first reversal after a sharp rise or fall to prevent trend reversals.
10. Making money in the direction of the trend should be done slowly, while making money suddenly (rebound) or losing money should be done quickly.

Grandpa Si's Morning Thoughts:
I have already explained in detail in my previous article why there will be a rise in the short term

1️⃣ Big 🫓 100800 Sell at 101800 Defense at 100200
2️⃣ Aunt 4010 Sell at 4080 Defense at 3960
#比特币重返10W大关 #新任SEC主席

Coinbase Premium and Ethereum Active Addresses Surge, Ether Price Breaks $4,000
The price of Ether (ETH) broke the $4,000 mark on Friday, marking the first time since March. The second largest cryptocurrency rose 2.4% in the past 24 hours and 8.4% over the past 7 days, outperforming Bitcoin (BTC) in both time frames. This move comes as spot Ether exchange-traded funds saw record inflows on Thursday. At the time of writing, Ether is trading at $4,033, just 2% away from setting a new high for 2024. It is also only 20% away from its all-time high of $4,868. The ETH/BTC ratio, which has been battered since September 2022, has again reached 0.04—a level that marked a brief peak for Ether relative to Bitcoin on November 10. The premium on Ether on Coinbase continues to widen, indicating that Ether is trading at a higher price on that exchange compared to Binance, the most liquid cryptocurrency exchange. The Coinbase premium is often seen as a sign of demand from institutional investors and retail participants in the U.S. Data shows that the price of Ether on Coinbase has risen slightly relative to Binance, suggesting that the market is being driven by U.S. activity, which aligns with the timing of the U.S. market opening an hour ago. That’s not all. According to Glassnode, the number of active addresses on Ethereum surged from 368,000 to 523,000 based on a 7-day moving average from September 24 to December 5, indicating a broadening of on-chain activity, which in turn has limited the supply of Ether through the 'burn' mechanism, benefiting Ether. Meanwhile, the CoinDesk 20 (an index of the top 20 cryptocurrencies by market cap, excluding memecoins, stablecoins, and exchange tokens) fell 1.4%, with the worst performers being Stellar (XLM) and Litecoin (LTC), which dropped 3.1% and 5% respectively in the past 24 hours.
The strong performance of Ethereum and the increase in on-chain activity are driving market sentiment, suggesting an uptick in the short term
#以太坊领涨 #比特币重返10W大关

MA serves as an important reference indicator for measuring the cost of the main force, used to observe price change trends and to test resistance and support. When used for trend judgment, the longer the period, the more effective it is. On the other hand, it is important to note that when the moving average forms a bullish arrangement, only the short-term moving average serves as the basis for holding positions.

Ge's Eight Rules:
1. When the moving average gradually flattens from a decline, a breakout of the average from below by the price is a buy signal.
2. When the price continuously rises far above the moving average, if it suddenly drops but does not break below the rising moving average, and then rises again, it can be an opportunity to add to the position.
3. If the price temporarily drops below the moving average, but the moving average is still rising and the price quickly recovers above the moving average, it remains a buy signal.
4. If the price breaks below the moving average and then suddenly plummets far from the moving average, it is likely to rebound towards the moving average, which is also a buy signal.
5. When the price rises sharply far above the rising moving average, a short-term pullback will occur, approaching the moving average, which is a sell signal.
6. When the moving average trend gradually flattens and then turns downward, and the price drops from above the moving average to break below it, it is a sell signal.
7. If the price falls below the moving average and then bounces back towards it but does not break through the moving average and then falls back again, it is still a sell signal.
8. If the price rises and breaks above the moving average but immediately returns below it while the moving average continues to decline, it is a sell signal. #比特币回升至97K #历史见证者打卡

Fourth Uncle's Morning Thoughts
The MACD indicator on the hourly chart shows a death cross pattern, and the DIF line continues to extend downward, clearly indicating that bearish forces are dominating in the short term. Currently, the price of Bitcoin is below the EMA7 moving average and is gradually approaching the EMA30 moving average. Therefore, it is highly likely to further test lower support levels.

1️⃣ Big 🫓 96500 (Take Profit) 95000 (Stop Loss) 97000 (Defense)
2️⃣ Aunt 3760 (Take Profit) 3700 (Stop Loss) 3810$BTC #BTC新高10W #历史见证者打卡

Midday Thought Analysis
Today, Bitcoin attempted to break through the 10000 mark twice but failed, and on the third attempt, it succeeded with a strong posture. After reaching the target point, there are signs of a pullback. From the 15-minute level, the short-term moving average is still showing an upward trend, and the Bollinger Bands are in a wide-open state. Overall, Bitcoin is expected to continue rising. Ethereum's thoughts are in sync with Bitcoin.
① Bitcoin pulled back to around 101000👀, defending 100300, with a target directly at 103000.
② Ethereum pulled back to around 3840👀, defending 3800, with a target of 3890, potentially reaching 4000#BTC新高10W #历史见证者打卡 .

Today's Mini Class
Characteristics of MA Line:
- Trend Following: Can eliminate short-term price fluctuations and remain consistent with the trend, such as long-term moving averages reflecting the long-term market trend.
- Stability: The longer the moving average, the more stable it is, less affected by short-term fluctuations, but it also has the characteristic of delayed reaction, while short-term moving averages have poor stability.
- Support for Uptrends and Downtrends: When the stock price breaks through the moving average, whether it breaks upwards or downwards, there is a trend for the stock price to continue moving in the direction of the breakout.
- Lagging: When the moving average gives a reversal signal, the depth of the price reversal is often already significant, and short-term and ultra-short-term traders need to combine with other tools for comprehensive judgment.#NFT市场回暖

On Thursday, December 5, don't chase the highs, continue to trade around 98,500 🈳
 The middle track of the Bollinger band suppresses the price of the currency, and it has not been able to break through many times. The pressure is very high. At the same time, this position is also the pressure point of the daily moving average. The pressure at 99,800 is very high. The lower track of the Bollinger band has also been touched many times and bounced up. This is the lower edge of the oscillating trend. Combined with the analysis of various indicators, continue to trade 🈳 today

Short near 98,500 for Bitcoin, defend 99,000, target 97,500

At present, the overall structure of the big cake daily trend is still in an upward trend. Although there is a short-term rebound, the continuity is insufficient. The upward trend structure has not been affected, and the main structure is still in a bearish form. At present, the 15Min has formed a back-and-forth trend at a low level. Both long and short positions cannot continue. After the underworld, it rebounded again, and there is still a certain continuity. The idea of ​​​​synchronizing with the big cake
​​The big cake operation point is around 97000🈳, defense 97500, target 95500
The ether operation point is around 3740🈳, defense 3760, target 3650

When starting the journey of account opening and deposit, my heart is filled with mixed emotions. This is not just an investment of funds, but more like opening a door to the unknown financial realm. Every step is accompanied by anticipation and unease, looking forward to potential future gains, yet also feeling anxious about potential risks. The injection of funds symbolizes trust and determination, trust in the opportunities of the financial market, and determination to try my hand in this complex tide. However, I am well aware that there is both the dawn of hope and the reefs of challenge, so I can only embark on this unpredictable journey with caution and courage, hoping that every investment will yield growth and returns, and that I do not regret this moment of choice and bravery.

The midday pancake is on the 15-minute level, with a rapid upward trend in the short-term moving averages, about to cross above Ma30, indicating the possibility of strengthening ahead. Pay attention to the support at 95932 below (enter factory 📶)

① To be conservative, if the pancake falls back to around 95500-95100, look towards around 96700-97100.
② To be conservative, if the aunt falls back to around 3660-3640, look towards around 3710-3730.

Today's Class, MA Indicator Calculation Methods

Common methods include Simple Moving Average (SMA) and Exponential Moving Average (EMA). SMA is calculated by summing the closing prices over a specific period and dividing by the number of days in that period; EMA gives more weight to recent prices and calculates the average using a smoothing constant.

Yesterday's market was still in a range-bound fluctuation. After a downward fluctuation touching around 93600, the US market began to rally, recovering all losses, presenting a perfect oscillation pattern, and the box trend will continue.

The 4-hour structure chart shows that after a slow decline of the K-line, a pin bar formed at the bottom, touching the support area below. During the US market hours, buying interest came in, and the market quickly closed the pin, forming a longer lower shadow, and returned to the central position of the oscillation range near 96000 to continue fluctuating.
① The large coin is hovering around 95100, with a defense at 94600 and a target of 96200.

Urgent analysis at night

Bitcoin's callback structure has completely come out tonight.
Affected by a piece of news about the US government's transfer in the past two days,
Bitcoin has experienced a significant callback,
and fell below 94,000 at night.
But I think it is more of a shock,
but in terms of risk, we need to pay special attention to the strength of the retracement.

In a shocking market,
don't chase it as soon as it falls,
even if the K-line falls back, it is a normal negative

From the 4-hour level, small bullish and bearish candles alternate frequently, with intense competition between bulls and bears, making it difficult to break out of a significant trend in the short term. However, the technical structure remains in an upward channel.

① Near 94000 for Bitcoin, can go long, with a stop loss at 93400, targeting 95600 first.
② Near 3550 for Ether, can go long, with a stop loss at 3530, targeting 3650 first.

This serrated structure is not difficult to operate.

Elder Four's Tuesday Evening Share
On Tuesday, the overall trend exhibited a rebound in the morning session, reaching a high of 96375, before immediately shifting into a corrective trend. The fluctuations were quite stable until the evening, when it pulled back to the current level of 94600 and temporarily halted. The previously proposed strategy of first 'long' then 'short' by Elder Four has been validated in practice.

From the analysis of the 4-hour candlestick chart, the frequent alternation between bullish and bearish candles indicates that the market is at a critical juncture for directional selection. A comprehensive assessment shows that the market still retains the expectation of a rebound in the short term. However, in terms of the overall trend, neither long nor short has been able to gain a decisive advantage, resulting in the market continuing to operate within a range of fluctuations. Currently, the power of long and short is in a tug-of-war state, which aligns with expectations. Technically, the market is undergoing a slow recovery process while consolidating and correcting. Therefore, in terms of operational strategy, it is recommended to seize short-term opportunities for pullbacks, and promptly switch to bullish when the pullback halts, to flexibly respond to changes.

Evening Operation Suggestions
① A buy around 94500 for Bitcoin, with a stop-loss at 94000, and a target to first focus on 96500.
② A buy around 3580 for Ether, with a stop-loss at 3550, and a target to first focus on 3650.