The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency space for the long term and stick it out until the end can achieve the results they desire. I hope you understand this.

I am a warrior in the cryptocurrency community, always protecting the investors. I wish my followers financial freedom in 2024. Let's work hard together!

Cryptocurrency Community Expert: December 2, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 97,200. It is now a little past 5 AM Beijing time. Yesterday, the report was at the 70,000 mark, a difference of 200 points. The situation is becoming clearer, with all indicators contracting. The market is entering a slow bull phase, gradually stretching. Whether you are bullish or bearish, it is easy to get shaken out at this time. Regardless, my advice is simple: prioritize survival and protect the chips in your hand.

Looking at the daily K-line, it is consolidating at a high level. The EMA15 trend indicator has reached 94,000. The MACD is contracting downwards, with DIF and DEA spreading downwards at a high level, forming a top divergence trend with the K-line. The Bollinger Bands are contracting, with the upper band starting to stretch upwards, breaking through 105,000 and reaching 108,000. A continuous downward pressure has begun to show signs of reversal. The bullish trend remains unchanged, and while the main force appears to be consolidating, it is actually starting to gain momentum.

The four-hour K-line shows a continuous slow rise, moving from 95,000 to 97,000. The EMA15 trend fast line support is also approaching 97,000. The MACD is increasing in volume, with DIF and DEA spreading at a high level remaining unchanged. The Bollinger Bands are contracting, with the upper band reaching 98,000 and the lower band returning to 95,400. The short-term trend indicates it is suitable for making waves. My suggestion is to wait for a pullback. The trend is bullish, so remember what I often say: do not act when the trend is not adjusted. Wait for a pullback. Under the condition that the larger trend remains unchanged, all pullbacks are opportunities to go long.

Short-term strategy reference: The market is never 100%, so always set stop losses. Safety first; small losses and big gains are the goal.

For the upper range of 98,000 to 98,500, go short, with a stop loss at 99,000 to 99,500, and a stop loss of 500 points. The target is 97,000 to 96,000, and if broken, look at 95,000 to 94,000.

For the lower range of 94,500 to 95,000, go long, with a stop loss at 92,500 to 93,000, and a stop loss of 500 points. The target is 96,000 to 97,000, and if broken, look at 98,000 to 98,500.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by business, excellence by profession, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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