Today is December 8th, a new week has begun. I wish everyone a prosperous week ahead.

This week we are bullish. I mentioned to my partners last week that we would be looking for bullish candles this week. Therefore, every time there is a pullback, we are looking to go long. The same goes for Bitcoin; since we expect a bullish candle this week, we need to pay attention.

In the short term, we should focus on buying on pullbacks, primarily looking for long positions. I have been reminding my partners in the videos to pay attention to these three key points: every day at 8 AM is a critical time for market changes, which can set the tone for the day. Every Monday at 8 AM can set the tone for the week, and on the first of each month at 8 AM, it can set the tone for the month. It is clear that once the weekly chart closes, you can determine whether this week is likely to close bullish or bearish. If it closes bearish, we focus on short positions. In the short term, if we reach the neckline, we can take a short position. If it closes bullish, we focus on long positions. The same applies to the monthly chart; if it closes bearish, we focus on short positions, and if it closes bullish, we focus on long positions. These are the key points. The daily chart clearly shows a bullish trend.

Yesterday's drop was purely for consolidation, aimed at a better upward push. The 8-hour chart has already shown a bullish direction. So this morning, everyone who took long positions has already made a profit, and there’s no need to worry about this position.

We just can't look too high. The maximum we can look at is where?

First, we look at the resistance level of 91,450, then up to around 92,000, which is also a resistance level. For this wave, I suggest everyone to short. Where to short?

It must be at the upper level of 92,000. We should short at the range of 92,450-92,650. These intermediate positions are our take-profit levels for long positions, but they are not entry points for short positions.

Consider shorting at this position; this is the first point where we can short. If this level breaks, there is another short point at 93,100 to 93,200.

Moving up, there are levels at 94,100 and 94,000, which are also high points. However, this level is likely to break through the key point at 93,100-93,200.

Once this point breaks, it can basically be ignored.

This point is also likely to break, so through this wave of consolidation, 96,000 may not hold. Of course, the first touch can be a short, and the range of 96,000-96,600 is a core area.

The first touch can be shorted, but it is likely that it won't hold based on the current wave structure. It is very clear: the first wave of upward movement, the second wave of upward movement, and the third wave of upward movement clearly show a higher bottom. This is an obvious pattern.

It is quite clear. As for Bitcoin, we just let our partners enter here. They entered long positions directly, and currently, at the very least, they are in profit.

A 0.6 point gain has already doubled. Once it broke 3060, we let everyone enter as it pulled back to 3060. After breaking 3060 and pulling back to 3060, we went long. Looking at the entire wave of decline, the direction is clearly bullish. The bottom is obviously rising.

As for how high it can go? For this wave, we are looking at a short-term cycle, so we won't look too far. 3,120 and 3,130 can be take-profit levels. We can't look too high. Last night, we set a short at 3,130-3,150, and when we woke up, we directly took profit. Because 3,010 is clearly a support level, yesterday it was a resistance level, and it just happened to touch this 3,010 support level. So from this perspective, the main focus is on long positions.

However, when we reach the upper resistance level, you can consider shorting. Where can we short? The range of 3,130-3,150 has already been shorted once, and coming back up may pose risks. Our next short position is at 3,180-3,190.

This is a position where we can short. In the short term, we can look for highs to short, and when new highs are made, we short; when new lows are made, we go long. Isn't this the structure of the market?

After a slight pullback at 3,180-3,190, we need to break through 3,220-3,230. The upper level can go to 3,250-3,270. This is a clear rhythm and thought process. So if you find yourself in this market situation,

Yesterday, this order couldn't be held. We expected to buy long at 2,850-2,820, so this order couldn't be held.

It was a bit of a loss; otherwise, the overall rhythm of this wave was very well grasped, and we could have profited from all of it.

Yesterday, we also let everyone short at 3,030. The expectation was to short at 3,030 and take profit at 2,980, but it dropped directly to 2,910. This wave can be considered a good catch.

For more strategies, follow the public account BTC-ETH Crypto.

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