Zhou Yanling: What to Do When Bitcoin's Roller Coaster Fluctuates on December 4th, Ethereum Faces Resistance in High Positions
In terms of the recent market, don't have any thoughts about trends; the key is to sell high and buy low, and take profits in a timely manner! The methods of washing out and squeezing retail investors are too obvious. Even Yanling was unexpectedly swept today. The short position I took was correct, but greed made me want to continue looking down at the 93,000 mark. As a result, the rebound came too quickly, and the profits I had didn't run away but instead hit my stop loss. This is really frustrating. I've learned my lesson; I won't be so greedy next time. You see how it swings and fluctuates; every time it surges up, it feels like it’s about to break upward, while conversely, the downward movement can create the illusion of a significant drop. So, never blindly trust the rapid fluctuations you see. Why does the market rise and fall quickly? In fact, this is considered normal oscillation behavior in the crypto space. If the movements in a period of oscillation were to be very slow every time, the current cryptocurrency prices would have no trading value or necessity.
As the market reaches this point, how to trade next becomes particularly important, especially with the non-farm payrolls approaching. Perhaps the fluctuations in recent days are laying the groundwork for the non-farm payrolls. Analyzing the market trends, recent candlesticks show significant volatility, especially the long upper and lower shadows on December 2, indicating fierce competition between bulls and bears. The recent candlesticks have shown alternating bullish and bearish patterns, with prices oscillating at high levels, indicating that market sentiment is quite unstable. In the 4-hour cycle, the MACD histogram turned from negative to positive and then back to negative, showing short-term pullback pressure. The DIF line and DEA line are close to the zero axis but have not formed a clear golden cross or death cross signal. The RSI hovers around 50, slightly below the overbought range, indicating that the current market is in a neutral to weak state. The price is currently below the EMA7, and both EMA30 and EMA120 are above it, indicating a bearish short-term trend, while still maintaining some support with signs of upward movement in the medium to long term. In terms of operations, Yanling suggests focusing on short-term trades, paying close attention to the resistance levels at 97,500 and 99,000, and the support level around 93,000 for strength and weakness.
December 4th Bitcoin Trading Strategy:
Buy at 94,000-94,600, stop loss below 93,500, target 96,500-97,000
Sell at 97,400-96,800, stop loss above 98,000, target 95,000-94,400, continue to look for breakdowns around 93,500 and 92,400
December 4th Ethereum Trading Strategy:
Sell at 3,660-3,620, stop loss above 3,700, target 3,540-3,500, continue to look for breakdowns around 3,390
Buy at 3,440-3,480, stop loss below 3,360, target 3,560-3,600
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. For more real-time community guidance, consultation on unwrapping positions, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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