Track real-time hot topics in the currency circle, seize the best trading opportunities. Today is December 3, 2024, Tuesday. I am Wang Yi Bo! Good morning to all coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹


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The overnight closing of the U.S. stock market saw mixed results, with the Dow falling 0.29%, the Nasdaq rising 0.97%, and the S&P 500 rising 0.24%, both reaching new historical highs. The encryption market experienced more falls than rises, with yesterday's BTC and Ethereum breaking through key levels and falling, causing panic in the market and prompting many people to seek information and consult experts. Of course, there were also many people who cut their losses, mainly those who recently chased the market. If you have been lying in ambush in advance, you don't have to panic at this moment, but choose the opportunity for margin replenishment. The coins with deeper falls are mainly in the meme zone and governance token sector. Regarding the pullback at this moment, opinions vary. Some say that BTC has been reluctant to break through $100,000, with $99,588 being the historical top. Some say it's due to the Syrian civil war, the tense situation in the Middle East, and the escalation of conflicts between Russia and Ukraine. In fact, these are not the reasons. The biggest factor is the upcoming series of economic and financial data in the United States in December, which is related to whether the Federal Reserve will cut interest rates. However, this volatility can also be seen as a tool for whales and institutions to dump. This kind of fluctuating trend of falls and rises is also a prelude to the rotation of zones.




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BTC surged to a high of 98180 in early trading on Monday, but fell back under pressure. In the afternoon, it rebounded to a halt at the 94836 level and started to rebound. In the evening, a wave of BTC pulled up to the highest recovery level of 97400, then once again came under pressure and fell back to the 94440 level, rebounding to oscillate around 95000. Looking at the retracement space on the four-hour chart, the current pullback can still be regarded as a correction. The bottom of the last big bullish candle is a critical point for long positions. As long as it is maintained above this level, the market will still maintain a strong consolidation pattern. From the current structure, the market's strong features are still obvious, and the partial retracement is also accumulating strength for long positions. On the hourly chart, the market has gone through a retracement and consolidation, digesting the Overbought pressure of the secondary indicators. The short-term trend has slowed down and entered a rebound recovery trend. Do not easily believe that the retracement in the short term is a reversal during the trend consolidation phase. The general direction remains bullish, it's just a difference in the consolidation period. Our mindset remains bullish, focusing on buying on the pullback and buying at the low.




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The movement and trend of Ethereum are in sync with BTC. In the morning, it surged to the 3767 level but faced pressure, then rebounded in the afternoon after testing the low point at 3573, and eventually recovered to the 3684 level in the evening before falling back to test the bottom at the 3558 level, unable to break through. It is currently operating in a small structure around the 3620 level! According to the market data, the daily candlestick shows an alternating trend of Yin and Yang, entering a high-level oscillation pattern in the short term, repeatedly fluctuating within the range, with the support below remaining unbroken and the high point of the range also unbroken. The daily candlestick is currently in a state of high-level oscillation and contraction. In the short term, the market data tends to approach the upper rail in the small cycle, but at this time, the struggle between long and short positions is intense, and specific strategies need to be combined with the market space and form. If the key defensive position at 3530 below is not lost, the short-term bullish thinking remains unchanged. Currently, the increase in short positions has not ended. The market fluctuates greatly, providing abundant short-term opportunities. Strategies can be flexibly adjusted based on actual market data, and both long and short positions have opportunities.