December 12, 2024 Morning Analysis - The cryptocurrency market rebounds across the board. Have you been shaken off? Don't let yourself fall before dawn!

CN
1 month ago

Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities, today is Thursday, December 12, 2024, I am Wang Yibo! Good morning, crypto friends! ☀️ Die-hard fans check in 👍 Like to make big money 🍗🍗🌹🌹

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Overnight, the U.S. stock market closed with mixed results among the three major indices: the Dow Jones fell by 0.22%, the S&P 500 rose by 0.82%, and the Nasdaq surged by 1.77%, breaking the 20,000-point mark for the first time, setting a new historical high. Star tech stocks are climbing steadily, with Tesla, Google, Amazon, Meta, and Netflix all hitting new historical highs. Among them, Tesla and Google rose over 5%, while Amazon, Meta, and Netflix increased by more than 2%. The inflation data for November released last night was almost entirely in line with market expectations, leading traders to increase their bets on a rate cut by the Federal Reserve in December. This has triggered a rebound across the cryptocurrency market, with Bitcoin reclaiming the $100,000 mark, Ethereum breaking through $3,800, and cryptocurrency concept stocks soaring collectively. Those holding spot positions feel at ease, while those cutting losses are frustrated, and funds from contract liquidations vanish. This is the reality of the crypto market; in fact, every fluctuation and significant correction in a bull market is just a reshuffling among sectors. In the crypto market, opportunity is greater than effort; opportunities are reserved for those who are prepared. With the Spring Festival approaching, I hope you avoid reckless operations in the crypto market.

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Bitcoin has risen from a morning low of around 95,630, continuing to climb through midnight, reaching a peak of 101,905 before experiencing a slight pullback for consolidation. Currently, the overall trend of Bitcoin has entered a phase of fluctuation again. In this market, grasping short-term opportunities is also a good strategy. On the hourly chart, after a brief pullback, the lows are continuously rising. The four-hour chart shows a strong bullish trend that cannot be stopped; once it breaks upward, it indicates an increase in volume. The bullish frenzy is expected and is a necessary result of the trend structure. As mentioned earlier, the current market's pullback is bullish; if there is no pullback, then we continue to look for short-term upward movements. The intraday trend remains clear, still predominantly bullish, and following the trend is the current main theme. In the short term, the price may experience some corrections, but corrections do not mean reversals. After the correction, we still need to look for bullish opportunities, as corrections serve to build energy for better upward movements, leading to new surges.

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After Ethereum dipped to 3,512, it rebounded synchronously, recovering to a high of 3,845 in the early morning. On the four-hour level, the price has entered a strong bullish phase, successfully reclaiming the middle track. The previously emphasized bearish stance due to the middle track not being reclaimed is no longer applicable. Although it still faces pressure from the upper track, the stability of the middle track has demonstrated its strong momentum, with various indicators rising. On the hourly level, the price is currently near the upper track, but the support points below are continuously rising, and the Bollinger Bands are opening upward, indicating an overall upward trend. Although the current price has slightly corrected, the force is weak, and the rapid recovery of the bulls is a proof of a strong trend. Every small pullback is a good opportunity to position long orders.

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In this market, ultimately, it 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 drawdowns. 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 lower than our ability in the capital market because such discrepancies 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 the 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 volatility, 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 speaks louder than a thousand words; instead of repeatedly losing, come find Yibo! Frequent operations are not as good as precise trades; make every trade 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 review, the subsequent market trends will primarily rely on real-time arrangements. For friends needing contract guidance, you can scan the QR code below the article to add my public account.

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