Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Monday, December 2, 2024, I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹


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A new week is coming, and a new layout is about to begin. This week will be a watershed for the market. First, we need to follow the decision of the Federal Reserve on the Interest Rate on the 9th! Secondly, after Trump takes office, can he implement the series of economic stimulus and crypto world policies he mentioned before the election? Can these policies be successfully implemented? At present, the overall trend is expected to continue to reach new highs! The 100,000 level has become an important resistance level! So this month we need to focus on the gains and losses of the top 10 levels! Looking at the market, the rotation of old altcoins is about to end, and new altcoins and emerging altcoins are gradually being introduced. In fact, every time the Altcoin season comes, BTC will show a sluggish trend. If BTC is booming, there will be no market for Altcoins. This trend is in line with the unique characteristics of a Bull Market. BTC's sluggish trend belongs to the accumulation before breaking through the $100,000 mark, and large funds will first wander in the Altcoin market.




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After a slow consolidation on Saturday and Sunday, long positions saw a rebound and recovered the high point of 97850 reached early this morning. Since hitting a pullback low of 90866 on the 27th, BTC has not stayed at a low level for long, only taking two days to V-reverse to around 98700, indicating the strength of long positions. Long positions are showing a slow upward trend and gradually continuing. The recent frequent consolidation seems to create confusion and obscure our directional judgment. However, the overall trend is still within the scope of the Bull Market. Therefore, in terms of trading strategy, we should continue to adhere to the principle of holding long positions at low levels.


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Ether's performance on Saturday and Sunday was relatively strong, spending most of the time consolidating at high levels. The long positions then surged, achieving a short-term high of 3746 before stopping. From a technical perspective, the daily candlestick once again closed with a bullish pattern, the Bollinger Bands continued to expand upwards, the coin price was steadily rising, the moving averages were advancing steadily, and the technical indicator showed a strong oscillation bias with all three lines moving forward together. Despite the market still facing a period of consolidation, the coin price is steadily recovering, supported by a solid support level below. Currently, the rebound in the short term has slowed down, with a bullish trend dominating. In the morning, it is advisable to observe the extent of the retracement before considering further long positions.


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After a long period of accumulation, Shiba Inu (SHIB) has finally exploded and surged to 0.00003318 US dollars, a 17.2% increase. A significant part of the burn is attributed to a major transaction. The SHIB burn mechanism is a community-driven effort aimed at reducing the token's supply and increasing its rarity. After the burn event, the total market supply of SHIB is currently about 58.926 trillion tokens, with the remaining supply supporting market activities for the token. In addition, the price of Shiba Inu may also target the annual high of 0.000045 US dollars and potentially surpass the historical high formed during the 2021 bull run, preparing for the ultimate historic high.