Tracking real-time hot topics in the cryptocurrency circle, grasping the best trading opportunities. Today is Wednesday, December 4, 2024. I am Wang Yibo! Good morning, coin friends ☀ Iron fans check-in 👍 Like and make big money 🍗🍗🌹🌹


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Late at night, a heavyweight news is like a giant stone thrown into the water, causing waves in the Korean coin circle— the Korean president issued an urgent martial law order. With this news, the encryption market instantly plunged into a collective Take a Nosedive panic situation. Last night, affected by the sudden news, there was a roller coaster market, and at this moment, there is an overall rebound across the board, with Bitcoin falling to a minimum of 93625 US dollars, now reported at 96100 US dollars, and Ethereum reported at 3628 US dollars. Overnight, the U.S. stock market closed with mixed results, with the Dow falling by 0.17%, the Nasdaq rising by 0.40%, the S&P 500 rising by 0.05%, and both the Nasdaq and the S&P 500 continuing to hit new closing highs. Gold stocks rose across the board, with JPMorgan forecasting that the price of gold will rise to $3000 per ounce next year. In addition, the November employment report will be released on Friday, when investors should pay attention to the growth rate for two months, especially considering the risk of significant revisions to the October data. This may potentially impact the Fed's monetary policy and sentiment!



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The short-term trend has slightly declined and entered a rebound recovery trend. Do not easily assume that the short-term retracement is a reversal during the consolidation phase of the trend. The overall direction remains bullish, with only a difference being a period of consolidation. As long as there is no economic recession or black swan events, the fourth quarter of 2024 should be the most stable. There may be some fluctuations from Christmas to January 20th, and there is a high possibility of another Favourable Information wave after the inauguration on January 20th. Historically, after a big dump halves, the market tends to steadily rise after about six months. However, it does not mean that one will definitely profit when the bull market comes. Why? Because everyone's approach and perception are different. More institutional investors are entering the market, posing more challenges for retail investors. Overall, the risks are relatively low before the second quarter of 2025. It is essential to continue focusing on the U.S. monetary policy, whether the Federal Reserve will continue cutting interest rates, the trend of the unemployment rate, and the possibility of inflation fluctuations.





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Bitcoin fell yesterday and rebounded, completing a celebrity reversal. It is expected to continue the short-term upward trend. The current market is like this. Plate washing is normal, but as long as the direction is clear, it is very obvious. Continuing the downward trend in the evening, after touching the support level of 93620, the bulls formed a shock recovery, step by step. In the early morning, the highest price recovered above 96000. After the price experienced a downward dip last night, the bulls quickly provided room for recovery. At present, it is once again in a pattern of oscillation after warming up. All recent rebounds are accompanied by this adjustment or dip. Correction is a process of accumulating energy. After effectively building a new support platform, a new rise will be launched. All the consolidation actions surrounding the current situation are moving horizontally within the established range, using the technique of exchanging time for space to meet the demand for accumulating energy for the rise. It is recommended to maintain a short-term pullback as an opportunity to layout long positions!




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Ethereum also performed actively during the day, rebounding from the low point of 3557 on the intraday chart, rising all the way to the high point of 3673 in the evening, and then experiencing a pressure-rebound, reaching the low point of 3504 in the evening due to the impact of the news. The partial breakthrough signal and the accompanying selling pressure are more significant than yesterday, indicating that the market may face some downward pressure in the short term. Subsequently, the bulls regained lost ground, returning to the previous range. On the four-hour chart, a long lower shadow hammer line has been left, signaling a bullish counterattack. The hourly trend is also continuously contracting, and currently, the bearish momentum appears weak, so the future trend is still dominated by retracements.