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Crypto Expert Yang: Bitcoin Market Analysis and Reference for December 3, 2024
The daily chart for Bitcoin shows a highest price of 97,300 and a lowest price of 94,400, accurately retracing to the support of the EMA12 trend line. Unlike last week, when the EMA12 support was at 95,400, it has risen to 94,500 this week, presenting an entry opportunity. The current trend indicators remain bullish, although the MACD is showing a decrease in volume and a top divergence, with the DIF and DEA extending downward from a high position. The Bollinger Bands are continuously contracting, with the upper resistance at 100,800 and the middle support around 94,100, while the KDJ is in a contracting state. Given that the trend's bottoming seems not yet complete, it is crucial to set up defense and stop-loss levels to cope with market uncertainties, seizing potential opportunities while managing risks.
The four-hour chart shows a long bearish candle, with the previous bullish attempt to push to 97,000 failing, resulting in a pullback to 94,400. The key now lies at the EMA90 trend line at 94,100; if this level is broken, the 90,000 mark becomes extremely important. The MACD is decreasing in volume, with the DIF and DEA approaching the zero axis. The lower Bollinger Band at 95,400 has been lost, and the K-line has returned to the Bollinger channel. Focus on whether the 97,000 level can be broken; if not, partially take profits on long positions, and if it breaks, continue to hold. The operation should follow the trend, primarily focusing on long positions with short positions as a supplement.
Key points for short-term trading strategy: The market is unpredictable, and there is no absolute certainty; therefore, it is essential to set stop-loss levels, prioritizing the safety of funds. The core pursuit and goal of short-term trading is to exchange a small stop-loss cost for significant profit opportunities.
Short-term strategy:
Go long from 94,000 to 95,000, add to positions at 93,000, stop-loss at 500 points, target 96,500 to 97,000.
Go short from 96,500 to 97,500, add to positions at 98,500, stop-loss at 500 points, target 95,000 to 94,000.
Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this analysis is at your own risk; investing involves risks, and caution is advised when entering the market.
This article is exclusively planned and published by Crypto Expert Yang. For more real-time investment strategies, spot contract trading techniques, and operational skills, feel free to consult me for learning and exchange. I have focused on BTC, ETH, and altcoin spot contracts for many years and hope to help you achieve remarkable results!
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