Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities. Today is Tuesday, December 10, 2024. I am Wang Yibo! Good morning, crypto friends! ☀️ Hardcore fans check in! 👍 Like and make big profits! 🍗🍗🌹🌹

💎

💎

Overnight, the three major indices collectively closed lower, with the Dow Jones down 0.54%, the Nasdaq down 0.62%, and the S&P 500 down 0.61%. Cryptocurrency-related stocks fell broadly, with Riot Platforms down over 13%, C—base down nearly 10%, and MicroStrategy and Bit Digital down over 7%. Nvidia fell 2.55% due to allegations of violating antitrust laws, leading the State Administration for Market Regulation to initiate an investigation into Nvidia. With regulatory winds picking up, Bitcoin dropped to a low of $94,111, and Ethereum fell to a low of $3,465. Both Bitcoin and Ethereum quickly rebounded after hitting support levels. The contract market saw another surge in long positions, with $807 million liquidated across the network in just one hour, including $771 million in long positions and $36.05 million in short positions.

💎

💎

At midnight, Bitcoin bulls did not encounter much resistance, and the overall trend was dominated by bears. The market saw a continuation of the downward trend, with Bitcoin hitting a low of $94,111. Subsequently, it was reclaimed by bulls to $97,000, indicating that this key level remains somewhat strong. However, Bitcoin's repeated spikes were forcefully reclaimed by bulls. Since the decline from the highs, the structure of the price movement clearly shows that the duration of the downward trend is much longer than that of the upward trend, giving it a relative advantage in time. Additionally, the downward momentum is stronger than the previous upward momentum, so under weak market conditions, the downside space should not be underestimated. The structure has not changed, and the trend remains weak. Until an effective trend reversal occurs, the trend structure direction will remain unchanged. On the hourly chart, there is also a long shadow, forming a hammer pattern at the lows. Therefore, we can look for the strength of a rebound this morning.

💎

💎

Ethereum's spike found support at the $3,465 level. Currently, the daily structure is showing a bearish K-line retracement, with a deep upward shadow. The price briefly retraced to near the lower boundary. Although it did not break through the lower boundary, the market has provided some liquidation strength for the bulls. From the current shape, the retracement of the lower shadow has been established, and the market has reclaimed the middle line. As long as the middle line holds, isn't this a similar scenario to last Friday? As long as the middle line holds, we can continue to maintain a bullish outlook!

💎

💎

In this market, it ultimately 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 our wealth being less 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 market fluctuations, and missing opportunities when the market moves, these are common problems among retail investors. But it’s okay! Come to me, and I will guide you to think correctly about trading. A single profitable trade is worth a thousand words. Instead of repeatedly losing, come find Yibo! Frequent operations are not as good as precise trades; let each trade be 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, as market fluctuations are relatively fast. Due to the effectiveness of the review, for subsequent market trends, real-time arrangements will be the main focus. Friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。