Tracking real-time hot topics in the cryptocurrency circle, seizing the best trading opportunities. Today is Sunday, December 1st, 2024. I am Wang Yibo! Good morning, my friends in the cryptocurrency circle ☀️. Hardcore fan check-in 👍, like it and make a fortune 🍗🍗🌹🌹.

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Today marks the beginning of a new month, with only the last monthly candle left before the end of 2024. Looking back at the explosive market in November, BTC surged to touch the 100,000 mark, while ETH also showed signs of recovery, regaining the 3700 level and approaching 4000. Established altcoins like XRP, DOGE, LTC, ADA, etc., all saw varying degrees of gains. The long-awaited Bull Market has quietly started, even though the altcoin season may not be here yet. Some currencies have still shown strong and pleasing increases. In the process of investing in the crypto market, we must follow the market zones' rhythm, and be ready to take advantage of the opportunities lying in ambush in advance. Otherwise, in the vast sea of coins, we will still be just passing through. Let's join hands with Yibo to create brilliance in the final battle of December!
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BTC continued its consolidation momentum from the weekend in yesterday's trading. From a technical perspective, the weekly chart shows three consecutive bullish candles after a period of wide-ranging consolidation. However, after the price reached the 100,000 mark, it encountered resistance and formed a bearish candle, but quickly rebounded after finding support at the bottom, maintaining a position above the upper band. At the same time, the MACD indicator on the attached chart continues to rise after a bullish crossover, further confirming the strong structure. Therefore, the overall direction remains bullish. On the daily candlestick chart, the Bollinger Bands are tightening upwards, and the price stopped above the middle band after a series of bearish candles, indicating strong support at the middle band. As long as the price does not fall below the middle band, the outlook remains bullish. The current structure is very clear, with a focus on long positions. Any pullback to 94,000-93,000 is an opportunity for long-term positions.
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On the ETH side, the upward trend has started to strengthen, with consecutive large bullish candles on the weekly chart, showing strong structure and a sense of continuation. The retracement stopped falling and stabilized above the low point of 3531, fully recovering the previous day's retracement space and closing above the high level of 3700. The daily candlestick closed higher with a new breakthrough of recent highs. Oscillating back and forth to test higher levels once again, today marks the end of the weekly chart, with the possibility of repeated probing and retracement movements. Overall, the 4-hour chart is still in an upward trend, but the market data indicates a step-by-step retracement pattern, with each high accompanied by a retracement. The previous wave of highs with upper shadows was recovered the next day, showing non-sustained retracements. 3530 in the short term is a critical point and a reversal point for tops and bottoms. Long positions remain intact above this level, but will also involve repeated oscillations. The fluctuation range has increased, testing entry points further. Operationally, after stabilizing following a retracement, consider going long at lower levels, with the first support level around 3650, combined with intraday arrangements based on hourly patterns.