Morning View on December 1st

From the four-hour level, Bitcoin's price previously tested the upper resistance with a series of small upward movements, followed by a two-day downward trend, quickly retracing most of the previous gains.

At the one-hour level, after a weekend of continuous narrow fluctuations, the price experienced a two-day downward trend and quickly broke below the lower boundary. Although there is a slight rebound currently, the MACD energy bars indicate that bearish momentum still dominates the market, and the Bollinger Bands continue to widen downward.

Trading Suggestions

Bitcoin: 88500-88000 range, target 87000-86000, if it breaks below, look for 85000.

Altcoin: 2900-3000 range, target 2800-2600, if it breaks below, look for 2500.

(Personal views are for reference only; everything is subject to actual trading.)

Thus, our journey in the cryptocurrency world moves towards a broader new starting point, not an endpoint—this road is long and requires us to move forward step by step with determination. The ocean of cryptocurrency is vast and boundless, with opportunities and challenges coexisting. May you always harbor a thirst for knowledge and maintain a passion for exploring the unknown.

Remember: the cryptocurrency world is not just about the rise and fall of numbers or the fluctuations of charts; it also contains the warmth of humanity, the weight of decisions, and the expectations for the future. In investing, stay calm and rational, do not let temporary fluctuations disrupt your strategy, and view market ups and downs with patience and foresight; persist in learning and growing, let your professional skills be your confidence, keep pace with the ever-changing financial tide, and seize every opportunity; bravely try and fear not failure, as every breakthrough comes from the courage to venture forth; the brave will carve out new territories!

Finally, may you gain something from every journey in the cryptocurrency world, and may you not waste your youth while pursuing your dreams, shining your true self! Qi Fei is always here, cheering you on, looking forward to witnessing your every brilliance. Wishing everyone a smooth journey in the cryptocurrency world, filled with original intentions and fruitful results!

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