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 4, 2024

Ethereum has closed in the red for two consecutive days on the daily chart, gradually approaching the EMA12 trend support at 3540, although the overall EMA trend remains upward. However, a long lower shadow has appeared. In terms of technical indicators, MACD shows a reduction in volume, with DIF and DEA contracting from high levels. If today's K-line continues to trend lower after opening, it is very likely to find support at the rising trend line. The Bollinger Bands are still expanding upwards, with the upper resistance at 3850 and the middle support around 3390. Overall, Ethereum is in a stage of intense competition between bulls and bears, and the gains or losses at key points will have a significant impact on future trends.

The four-hour chart of Ethereum is trapped within the EMA trend indicator range. The upper resistance is at 3620, where EMA12 and EMA26 intersect. MACD shows a decreasing volume trend, with DIF and DEA breaking below the 0 axis. Although the lower Bollinger Band at 3560 has been breached, there is clear support in the short term, and it is expected to challenge the middle Bollinger Band at 3660. At this point, the market is close to the bottom support level, entering a sensitive trading zone. Investors should not hesitate; when entering the market, it is essential to have defensive measures and set stop-loss orders. If the trend does not meet expectations, exit with a small loss; if the judgment is correct, there is potential for profit.

Key points for short-term trading strategy: The market is unpredictable, and there is no absolute certainty; therefore, it is crucial 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:

Short from 3700 to 3750, add to position at 3750, stop-loss at 50 points, target 3600 to 3550.

Long from 3450 to 3500, defend at 3350, stop-loss at 50 points, target 3700 to 3750.

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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