Those who know how to buy are apprentices, those who know how to sell are masters, and those who understand how to stay in cash are the ancestors! In trend swing strategies, the choice of buying points is secondary, while selling points are key; however, good capital management is the soul of trend swing trading.

After the fluctuations over the weekend, the market tested the 3550 line again on Monday and rebounded into a consolidation phase. Looking at the 4-hour chart, after alternating between bullish and bearish candlesticks, a small bullish candlestick formed. Around the 29th of last month, there were multiple tests of the 3550 support line, and currently, this line can still be referenced in the short term, which is also near the support of the 60-day moving average, serving as a boundary for the downside in the short term. The key focus above is near the peak high point, which is also near the resistance level of the upper band, and short-term references can be made for entry in this range.

The support levels mentioned above are quite good, with buying around 3580-3550, participants should have good gains. The essence of candlestick patterns is the time cycle; to survive steadily and for a long time, the slower and steadier one is, the more smoothly they can reach the other side. Investing is not a game where a person with an IQ of 160 can necessarily defeat someone with an IQ of 130; investors do not need to do many things right, what is important is to avoid major mistakes.

Short-term advice for December 3: If 3750 does not break, short at 3730-3720, looking for 80-100 points.

If 3530 does not break, long at 3580-3550, looking for 80-120 points.

The above suggestions are for reference only; please manage your risk well.

Wishing you successful trading!

Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice from Big Coin, find Gege.

Written by/ I am Trader Gege, a friend willing to accompany you in your resurgence.

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