Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are losses in the short term, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

12.2 Bitcoin Market Analysis Reference

Currently, the trend shows that on December 1st at 20:00, a long lower shadow appeared on the 4-hour chart, indicating strong support in the 84000 area. After three consecutive days of bearish closes, the daily chart showed a rebound but failed to break through the previous high of 93092, forming a weak rebound structure in a downward trend. In terms of technical indicators, both the 4-hour and daily MACD are below the zero axis, with DIF and DEA continuing to weaken. The overall short-term trend is weak, and the price has fallen below all moving averages such as EMA7/30/120. Currently, at 86418, it is below EMA7 (86697), forming short-term resistance, and the overall structure remains bearish.

On the hourly chart, the pullback is still ongoing, and the subsequent rebound is relatively weak, indicating a possibility of further downward movement. Therefore, it is currently advised not to enter long positions and to be cautious of prices dropping again. The current trend is a fluctuating downward movement, so it is recommended to focus on short positions during rebounds, with long positions as a supplement. The upper resistance is around the 88500 level, while the lower support is around the 80000 line.

12.2 Bitcoin Short-term Trading Strategy Reference:

Short entry point 88800-87800, stop loss at 90500, target below 86300.

Long entry point 80500-81500, stop loss at 500, target above 82500.

12.2 Ethereum Short-term Strategy Reference:

Short entry point 2860-2905, stop loss at 30 points, target below 2800.

Long entry point 2681-2631, stop loss at 30 points, target above 2720.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, stop-loss and take-profit measures must be in place. Secure your profits, and for more real-time trading strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Talks About Coins) for access. The first ten each day can receive free exit strategy advice.

For more real-time trades daily, you can follow the public account (Mr. Coin Talks About Coins) for online market technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. focusing on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive views, articles may be delayed, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep pushing. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism, respect originality!

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