Morning Analysis - The 2024 Year-End Battle Begins, How to Ambush in Advance to Seize Profit Opportunities!

CN
5 hours ago

Tracking real-time hotspots in the cryptocurrency world and seizing the best trading opportunities. Today is Sunday, December 1, 2024. I am Wang Yibo! Good morning to all crypto friends ☀️ Hardcore fans check in 👍 Like to make big money 🍗🍗🌹🌹

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Today marks the beginning of a new month, with only the final monthly line left to close out 2024. Looking back at the explosive market in November, Bitcoin surged to the 100,000 mark, while Ethereum also recovered from a downturn to reclaim the 3,700 level, just a step away from 4,000. Established altcoins like XRP, DOGE, LTC, and ADA have all shown varying degrees of growth. The bull market we have been anticipating has quietly started without us realizing it. Even though there is currently no altcoin season, some cryptocurrencies have shown strong and encouraging gains. In our investment operations in the crypto market, we must align our thinking and strategies with the rhythm of market sector rotations, positioning ourselves in advance to seize opportunities. Otherwise, we will ultimately remain mere passersby in the vast sea of cryptocurrencies. Let’s join hands with Yibo to create brilliance in the final battle of December!

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Yesterday, Bitcoin continued the weekend's consolidation rhythm. From a technical perspective, the weekly chart shows a three consecutive bullish candlestick pattern following a period of wide-range consolidation, all presented as large bullish candles. After reaching the 100,000 mark, the price faced pressure and formed a bearish candlestick, but after establishing support at the bottom, the bulls quickly counterattacked, regaining lost ground, and the price maintained above the upper band. Additionally, the MACD indicator shows a golden cross and continues to increase, further confirming the structural strength. Therefore, the overall market direction remains bullish. On the daily chart, the Bollinger Bands are narrowing upwards, and after a series of bearish movements, the price has stopped above the middle band, indicating strong support. As long as the price does not fall below the middle band, the main outlook remains bullish. The current structure is very clear, with the overall trend revolving around bullish movements. Any pullback to 94,000-93,000 presents a long-term buying opportunity.

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Ethereum has started to strengthen and recover. On the weekly chart, it has closed with consecutive large bullish candles, showing a strong structure with a continuation pattern. After a pullback, it stabilized above the low of 3,531, fully recovering the previous day's pullback and closing above 3,700 at a high position. On the daily chart, the bullish candle closed higher, breaking through recent highs again. The market is oscillating and tentatively testing higher levels. Today marks the end of the weekly chart, and we cannot rule out the possibility of repeated probing and pullbacks. Overall, the 4-hour chart is still in an upward trend, but the price action is characterized by a step-back approach, with each high being followed by a pullback. The previous high's upper shadow was reclaimed the next day, and the pullback did not show continuity. In the short term, 3,530 is a critical point and a point of top-bottom reversal. Above this level, the bullish trend remains intact, although it will be accompanied by repeated oscillations, characterized by a step-up and pullback pattern. The increased volatility also tests entry points. In terms of operations, wait for stabilization after a pullback before looking to buy low, with the first support level around 3,650, combined with hourly chart patterns for real-time arrangements.

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💎 In this market, ultimately, it comes down to ability. If your ability is insufficient, what the market gives you will eventually be returned one day. Therefore, when your wealth exceeds your ability, you need to control your pullbacks. Although this control may be in vain, that kind of arrogance and hubris from profits will ultimately destroy a person's rationality. However, we do not need to worry about our wealth being lower than our ability in the capital market because such disharmony will eventually be corrected by time. If it has not been corrected, there is only one reason: your ability is insufficient. If you are still in a state of confusion, not understanding the technology, unable to read the market, not knowing when to enter, unable to set stop losses, not knowing when to take profits, randomly increasing positions, getting stuck while trying to catch the bottom, unable to hold onto profits during market fluctuations, and missing opportunities when the market comes, these are common problems among retail investors. But it’s okay; come to me, and I will guide you to think correctly about trading. A single profitable trade speaks louder than a thousand words. Instead of repeatedly losing, come find Yibo! Frequent operations are not as good as precise trades; let each trade be valuable. What you need to do is find Yibo, and what we need to do is prove that our words are not empty. 24-hour real-time guidance, as market fluctuations are relatively fast. Due to the effectiveness of the review, the subsequent market trends will be based on real-time arrangements. Friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.

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