As a veteran in the cryptocurrency space, I have been deeply involved in this captivating and challenging field 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 enhancing one's cognitive and judgment abilities are essential to navigate this challenging domain 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 4, 2024

Bitcoin's daily fluctuations are intense, with the high reaching 96,300 and having fallen below the EMA12 trend support at 95,400. At this moment, we should focus on whether the daily chart can return to and stabilize above the EMA12. If achieved, the main force may launch a strong attack, and investors should not exit too early. In terms of technical indicators, MACD is decreasing in volume, with DIF and DEA expanding at high levels. The Bollinger Bands are contracting, with the K-line staying above the middle track at 94,900, the upper track at 100,400 under pressure, and the lower track at 89,000 providing support. As long as the major trend support remains solid, any pullback is likely a trap for short positions. Investors need to closely monitor key levels and make timely investment decisions.

The four-hour chart for Bitcoin shows an unfavorable trend, continuously contracting downwards. First, it broke below the EMA26 trend line at 96,000, and then it briefly broke the EMA90 trend support point at 94,300. In terms of technical indicators, MACD continues to decrease in volume, with DIF and DEA starting to contract after falling below the 0 axis. The Bollinger Bands are showing an opening and expanding trend, indicating that the overall trend is continuously seeking bottom support strength and has consecutively broken previous lows. In this situation, entering long positions must strictly set stop-loss levels, prioritizing risk management. For short positions, consider entering above 97,500 and flexibly adjust trading strategies.

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:

Long from 94,000 to 93,500, add to position at 93,000, stop-loss at 500 points, target 95,600 to 96,500.

Short from 97,000 to 97,500, add to position at 97,500, stop-loss at 500 points, target 95,000 to 94,000.

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!

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