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 enhancing 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 together, forge ahead, and create brilliance in the waves of the crypto market!

Crypto Veteran Yang: Bitcoin Market Analysis and Reference for December 8, 2024

Bitcoin's intraday trend is stabilizing, with the daily fluctuation range between 98,850 and 100,400. There are many highlights on the technical front, with the EMA trend indicator clearly signaling a bullish market, where EMA12 has moved to 97,600, becoming a key reference point. Looking ahead, this week may see a pullback to EMA26 for adjustment, and investors should closely monitor the 95,000 support level. The MACD is steadily increasing with reduced volume, and the DIF and DEA are expanding at high levels, indicating strength; the Bollinger Bands are continuously contracting, with the upper band locking in at 100,000 and the middle band corresponding to 96,800. Overall, Bitcoin's current bullish trend is solid, awaiting the next market development.

The four-hour chart for Bitcoin has entered a slow rising mode, with EMA12 currently supporting the short-term trend around 99,500. On the technical indicators, the MACD is reducing in volume, and the DIF and DEA are contracting at high levels, leading the market into a sideways consolidation. The Bollinger Bands are gradually tightening, with the upper band at 103,000 being a potential short entry point, while the lower band at 96,300 is suitable for long positions. In terms of operations, remember to set stop-losses for ultra-short trades during the day, and follow the trend wherever the market moves.

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:

Short from 102,500 to 103,000, add to position at 104,000, stop-loss at 500 points, target 100,000 to 99,000.

Long from 96,000 to 96,500, add to position at 95,000, stop-loss at 500 points, target 97,500 to 98,500.

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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