Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities, today is Saturday, December 14, 2024, I am Wang Yibo! Good morning to all crypto friends ☀️ Die-hard fans check in 👍 Like to make big money 🍗🍗🌹🌹
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U.S. stocks closed mixed, with the Dow down 0.20%, the Nasdaq up 0.12%, and the S&P 500 flat. The cryptocurrency market has stabilized, with significant sector rotation. Bitcoin has firmly stood above $100,000, while Ethereum is currently reported at $3,900. As the market enters the weekend, it may enter a short-term correction phase, with its form possibly subtly adjusting at high levels or deeply correcting at low levels, all depending on the overall market movement. In the short term, especially during the Saturday and Sunday nodes, we should focus on the dynamics of any pullbacks!
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After Bitcoin's morning dip to around 99,149, it has shown a trend of oscillating upwards, with relatively slow movements during the day. After a slight pullback in the evening to build momentum, it has once again surged, currently reaching a high of around 101,768. The market in the past two days has been oscillating around the $100,000 mark, gradually forming a range of fluctuations, with bulls and bears pulling back and forth. From the current market analysis, the price is in a high-level consolidation and correction phase. Currently, it appears that $102,000 is under significant pressure, and it will be difficult for Bitcoin to effectively break through in the short term. If the price cannot break above $102,000, it will likely continue to pull back, becoming a recurring trend. Last night, the market made several attempts to break through this price level but quickly retreated each time. However, the bullish forces then exerted themselves again, indicating that bullish energy remains strong, and a subsequent breakthrough of the resistance level is just a matter of time. From a short-term hourly perspective, the price has repeatedly bounced back above this support level, receiving effective support without breaking it. This further enhances the bullish atmosphere in the market. In terms of operations, we still maintain a low long strategy.
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After Ethereum's morning pullback to a low of 3,835, it is also in an upward oscillation trend. The midnight high of around 3,964 has started to pull back, currently reaching a low of around 3,877. On the four-hour level, the price is temporarily maintaining above the middle track, and the four-hour structure has temporarily weakened after a bullish volume increase. Whether it can break through the short-term high on Saturday and Sunday is key to the continuation of space; if it does not break, it will continue to oscillate and pull back. Currently, the short-term will see back-and-forth oscillation, and under the condition of prolonged high without breaking, it is highly likely that the short-term will first pull back to confirm support before moving higher. Therefore, I personally still suggest focusing on pullbacks to go long, considering that the weekend is here, the trading volume is expected to be weak, so currently, I still recommend everyone to trade with light positions, reducing the position size for each entry, and entering in batches will be relatively safer!
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In this market, ultimately, it is about ability. If your ability is insufficient, what the market gives you will eventually be returned one day. Therefore, when your wealth exceeds your ability, you need to control your pullbacks. 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 this kind of 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 comes, these are common problems among retail investors. But it doesn't matter, come to me, and I will guide you to think correctly about trading. A single profitable trade is worth a thousand words; repeated failures are not as good as coming to 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 the market fluctuates quickly, due to the effectiveness of review, for the subsequent market trends, the focus will be on real-time arrangements. Friends who need contract guidance can scan the QR code below the article to add my public account.
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