Coin Assistant: Update on the evening market analysis for Bitcoin and Ethereum on December 5th.

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Bitcoin's market continued the momentum from the weekend and continued to rise, breaking through the high point near 42400 in the early morning of the day. In the short term, the second round of bullishness has stabilized. The bullish cycle in November lasted for about a month, with the high point of 38500 reached on the 9th of the month, and we can see that the target high point of the second round of bullishness, around 42000, was easily reached on the 4th of this month. In comparison, we can see that the current bullish market is very strong. Last night, I provided a video explanation for everyone off the scene, and the short-term trading strategy for Bitcoin was to buy on the dip. I shared the short-term support levels of 41300-41500, and as expected, the market first fell to the support range and then directly rose to near 42400. Obviously, this was the only opportunity last night, with an upward space of about 1000 points, and the strategy was flawless! At this point, the market's four-hour chart shows a flat trend after the golden cross, and the market has gradually deviated far from the MA30-MA60 moving averages. In the short term, there will be a pullback, and a small box pattern has emerged. I believe that aggressive traders can continue to try buying near the support levels of 41300-41500, and of course, stop-loss should be in place. For conservative traders, they can consider buying near 40600-40800/39800-40000, and they need to pay attention to the bottom support near 38300-38500 on the daily chart. The strategy for the day is sufficient, and the short-term target is still around 42000 for profit-taking. For those who want to short, a conservative short position can be considered near 43000. As an off-the-scene sharing, there are too many uncertain factors, and normally, both long and short opportunities abound in futures trading. However, it is necessary to be cautious in off-the-scene sharing. If there are friends who want to enter the market at the current price, they can message me privately. As I have said before, leveraged contracts can only be short-term in the end, and trend is important for spot traders. It is essential to clarify one's own needs.

On the four-hour chart of Ethereum, a small box pattern has formed preliminarily, and the candlestick trend has deviated far from the moving averages, with a flat trend after the golden cross. In the short term, the market may experience a pullback, so I suggest buying on the support levels below. In fact, from the perspective of the fluctuation space with Bitcoin, Ethereum has not yet reached its formal momentum. The target high point is around 2280, which is about 6% higher than the new high of the first bullish cycle around 2140. On the other hand, Bitcoin successfully built a bottom from the high point of 38500 and achieved the initial target of around 42400, with an increase of about 10%. Obviously, based on real data, although the trends of the two mainstream coins are consistent, there are still differences in the fluctuation space. This indicates that in the upcoming cycle, there may be a time-for-space approach, and Ethereum's momentum will be the focus in the later period. The formation of a short-term small box pattern also indicates that the market is starting to accumulate strength, so although there may be a short-term pullback, it is still advisable to focus on buying at lower levels. Aggressive traders can choose to go long near 2200, while conservative traders can focus on 2150-2170/2100. The bottom support on the daily chart should be around 2050-2070, and the target high point is still around the new high of 2280.

For the latest strategy updates, friends trading in small coins can follow the real-time guidance on the Coin Master's official account!

This article is exclusively created by Teacher Cheng Cheng, specializing in styles: mobile lock-up strategy focusing on high and low support and resistance, short-term swing high and low, and medium to long-term trend trading.

Friendly reminder: The end of the article and other advertisements in the comments have nothing to do with the author! Please discern carefully, thank you for reading!

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