Crypto News
December 5 Hot Topics:
1. Jupiter: The public sale phase of HumidiFi (WET) has sold out, raising a total of $5.57 million in three phases.
2. Sui: The first 2x leveraged SUI ETF has been approved by the U.S. SEC and is now listed on NASDAQ.
3. JPMorgan: The decline in Bitcoin prices, coupled with high electricity costs, has led to selling pressure from high-cost miners in the market.
4. Gemini launches the "Deep Think" model to enhance reasoning and code generation capabilities.
5. CZ and Peter Schiff engage in a debate over the value of Bitcoin versus tokenized gold.
Trading Insights
During trading, the following practical methods can help you avoid most traps and better grasp market trends! 1. Identify highs and lows; wait for high-level consolidation without rushing to exit, as the market often follows with a new high. Avoid blindly bottom-fishing during low-level consolidation, as it is likely to test new lows; wait for a clear change in direction before acting to avoid being trapped by entering too early. 2. Control your hands during consolidation; most short-term losses stem from "itchy hands" during sideways markets. When the market lacks a clear direction, buying and selling is essentially blind guessing, which not only incurs unnecessary fees but also risks getting stuck in losing positions. 3. Watch the candlesticks for signals; use daily candlesticks as a reference, enter when a bearish candle forms, and decisively take profits when a bullish candle appears. Following the trend signals given by candlesticks is more certain than guessing based on feelings. 4. Understand rebounds and assess rhythm; when the downward rhythm slows, subsequent rebounds are often sluggish; if the decline suddenly accelerates, it is more likely to trigger a rapid rebound. Predict the strength of rebounds based on the downward rhythm to avoid misjudging the timing. 5. Build positions using the "pyramid" method; buy more as prices drop, but be more cautious with position size as the number of purchases increases. This method effectively controls risk and is one of the core principles of short-term position management. 6. Continuous rises and falls indicate a shift; after consecutive rises or falls, the market will inevitably enter a consolidation phase. Avoid liquidating all positions at high levels or fully entering at low levels; after consolidation, a change in trend is likely. If the trend shifts downward from a high point, exit promptly to avoid falling risks.
LIFE IS LIKE
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Below are the real trading signals from the Big White Community this week. Congratulations to those who followed along. If your trades are not going well, you can come and test the waters.
Data is real, and each trade has a screenshot from the time it was sent.
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BTC
Analysis
Bitcoin Weekly Level: This week's price is similar to Monday's assessment, moving within a wide fluctuation range. From a perspective of seeking certainty, this current top market is very similar to the top market from the bull to bear transition in 2021, where the top was reached and then broken, followed by a consolidation range. In 2021, it formed a weekly flag pattern before a significant drop; this time, the consolidation range has updated with three candlesticks, and it remains to be confirmed whether the specific consolidation pattern is rectangular or flag-like.
Daily Level: The price has formed a bearish candle for the first time during the rebound, creating a bearish engulfing pattern with the previous day, while structurally it appears to be a bearish flag consolidation. The larger cycle is also in a wide fluctuation, so caution is still needed regarding the risk of a pullback.
In terms of Bollinger Bands, there is resistance at the upper band, and currently, there are no signs of a breakout to the upside.
4-Hour Level: In terms of the Vegas indicator, the price failed to break through the Vegas channel yesterday, experiencing a pullback under the pressure of the Vegas + TD9. If the market wants to continue rising, it must break through the Vegas.
Regarding MACD, it has started to shift from bullish to bearish, forming a death cross above the waterline, with volume shifting from bullish to bearish.
ETH
Analysis
Compared to Bitcoin, Ethereum's data was slightly better yesterday. Not just yesterday, but for quite some time now, ETH's sell-off has been less than BTC's, and it often purchases slightly more than BTC, but this is under the condition that overall data is relatively low. Even the bought ETH is insufficient to impact the spot price significantly. Most investors are likely building positions at the lows.
Short-term, reclaiming above the key level of 3157 is crucial; as long as it can stabilize around 3157, it is considered doing quite well.
Consolidating between 3157 and 3370 for about 1-2 weeks to digest selling pressure would be a favorable scenario; just keep an eye on how Bitcoin performs.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag; if you have any questions, feel free to consult.
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