As a veteran in the cryptocurrency space, I have been deeply involved in this captivating and challenging industry for many years. Having experienced the ups and downs of the crypto market and witnessed the rise and fall of countless cryptocurrencies, I have accumulated rich practical experience and unique market insights. Investing is a long-term practice, and this is especially true in the crypto world. Continuous learning and improving one's cognitive and judgment abilities are essential to navigate this challenging field steadily.

I am a guardian of the crypto space, always standing in front of the retail investors to shield them from the storms. I hope that my followers can break free from the shackles of wealth and embark on the path to financial freedom. Let us work hand in hand, forge ahead, and create brilliance in the waves of the crypto market!

Crypto Veteran Yang: Bitcoin Market Analysis and Reference for December 2, 2024

The daily chart shows a high-level consolidation pattern, with the EMA12 trend indicator at the 95400 position. The MACD indicator is showing a decreasing volume trend, with the DIF and DEA turning downwards at a high level, forming a top divergence pattern with the K-line, which is an important warning signal for market changes. At the same time, the Bollinger Bands are gradually contracting, yet the upper band is stretching upwards against the trend to reach 100800, indicating some upward momentum. In reality, it is secretly building strength for a potential breakout, and the subsequent market may have new breakthroughs and directions in the interplay of bulls and bears, which is worth close attention and in-depth analysis.

The four-hour chart has begun a journey of continuous slow rise, with the EMA12 trend fast line support nearing 97000. The MACD shows an increasing volume trend, with the DIF and DEA continuing to expand at a high level. The Bollinger Bands have contracted, with the upper band reaching 98000 and the lower band dropping to 95600. The current short-term trend indicates that the timing for swing trading is approaching. Patience is required to wait for a pullback. Under the premise of a solid larger trend, a pullback is not a trend reversal but rather a false signal to induce shorts, which is actually an excellent opportunity to go long. At this time, one must remain calm, seize the right entry timing, and not be misled by short-term fluctuations.

Key points for short-term trading strategy: The market is unpredictable, and there is no absolute certainty; therefore, it is essential to set stop-loss levels, prioritizing the safety of funds. The core pursuit and goal of short-term trading is to exchange a small stop-loss cost for significant profit opportunities.

Short-term strategy:

Sell from 98300 to 99000, add position at 99500, stop-loss at 500 points, target at 97000.

Buy from 94000 to 94800, add position at 93000, stop-loss at 500 points, target at 96500.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this analysis is at your own risk; investing involves risks, and caution is advised when entering the market.

This article is exclusively planned and published by Crypto Veteran Yang. For more real-time investment strategies, spot contract trading techniques, and operational skills, feel free to consult me for learning and exchange. I have focused on BTC, ETH, and altcoin spot contracts for many years and hope to help you achieve remarkable results!

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, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。