Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities, today is Tuesday, December 3, 2024, I am Wang Yibo! Good morning to all crypto friends ☀️ Die-hard fans check in 👍 Like to make big money 🍗🍗🌹🌹

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Overnight, U.S. stocks closed mixed, with the Dow down 0.29%, the Nasdaq up 0.97%, and the S&P 500 up 0.24%. Both the Nasdaq and the S&P 500 set new historical highs. The cryptocurrency market saw more declines than gains, with Bitcoin's drop linked to Ethereum and some altcoins, causing panic in the market. Many people are seeking information and consulting "experts," and of course, there are many who are cutting losses. In fact, most of those cutting losses are recent buyers at high prices. If you had positioned yourself in advance, there is no need to panic at this moment; instead, you should look for opportunities to add to your positions. The coins that have dropped significantly are mainly concentrated in the meme sector and governance tokens. There are various opinions on the current pullback, with some saying Bitcoin is reluctant to break through $100,000, with $99,588 being the historical peak, while others cite the Syrian civil war, tensions in the Middle East, and the escalation of the Russia-Ukraine conflict. However, these are not the main reasons. The biggest factor is the series of economic and financial data from the U.S. set to be released in December, which concerns whether the Federal Reserve will cut interest rates. This volatility can also be seen as a tool for whales and institutions to shake out the market, and this fluctuation is also a precursor to sector rotation.

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Bitcoin surged to around $98,180 in the early morning on Monday but faced resistance and fell back. In the afternoon, it retraced to around $94,836 and began to rebound. In the evening, Bitcoin rose to a high of around $97,400 before again facing resistance and falling back to around $94,440, then rebounding to fluctuate around $95,000. Based on the retracement space on the four-hour chart, we can still view the current pullback as a correction. The bottom of the last large bullish candle is the critical point for bulls. As long as it stays above this level, the market will maintain a strong consolidation pattern. From the current structure, the market's strong characteristics remain evident, and the local pullback is also accumulating strength for the bulls. On the hourly chart, after a wave of pullback and consolidation, the market has digested the overbought pressure from the sub-chart indicators. The short-term trend has slightly slowed down and has entered a rebound recovery trend. Do not easily assume that a short-term pullback during the consolidation phase indicates a trend reversal. The overall direction remains bullish; it is merely a difference in the consolidation period. Our outlook remains bullish, focusing on adding to positions on pullbacks and buying at lower levels:

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Ethereum's movement and trend are in sync with Bitcoin. In the morning, it surged to around $3,767 but faced resistance, then retraced to a low of $3,573 before rebounding. In the evening, it recovered to a high of around $3,684 before falling back to around $3,558, testing the bottom without breaking it. Currently, it is operating in a small structure around $3,620! From the current chart, the daily line shows an alternating pattern of bullish and bearish movements, entering a high-level consolidation pattern in the short term, fluctuating repeatedly within the range, with the lower support not broken and the upper range not breached. The daily line is currently in a high-level consolidation and contraction state. On the smaller time frames, the market trend is leaning towards the upper track, but there is fierce tug-of-war between bulls and bears, which needs to be combined with market space and patterns. If the key defensive level of $3,530 is not lost, the short-term bullish outlook remains unchanged. Currently, the bearish volume has not yet ended, and the market is quite volatile, providing ample short-term opportunities. Strategies can be flexibly adjusted based on the actual market conditions, with opportunities for both bulls and bears.

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💎 In this market, ultimately, it comes down to ability. If your ability is insufficient, the market will eventually make you pay back one day. Therefore, when your wealth exceeds your ability, you need to control your drawdown. 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 the situation where our wealth is lower than our ability in the capital market because this imbalance 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 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 volatility, and missing out when the market moves, these are common problems among retail investors. But it doesn't matter; come to me, and I will guide you to think correctly about trading. A single profitable trade is worth a thousand words; rather than repeatedly losing, come find Yibo! Frequent operations are not as good as precise trades; make every trade 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, the market is quite volatile. Due to the effectiveness of the review, for the subsequent market trends, the focus will be on real-time arrangements. Friends who need contract guidance can scan the QR code below the article to add my public account.

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