December 3rd Market Analysis
The market is really dramatic, completely following the trajectory we predicted. At the end of last month, it dipped near 80000 and then rebounded to around 93000. We have consistently suggested that if it dips again to 86000/83600 (the best extreme), Ethereum should ideally retest 2790/2720. Moreover, during the internal meeting live broadcast on the 1st, we also indicated that a double bottom in the short cycle would pull it up to form a golden pit, which would then return the medium-term trend to a normal trajectory. However, it unexpectedly completed the conversion within 48 hours! Just yesterday morning, the closing price was 84600 for Bitcoin, and around 2745 for Ethereum. In the internal group, we also suggested focusing on seizing the rebound first (as shown in the picture). Looking back, yesterday was the best opportunity to establish a position. During the second half of yesterday, with a big bullish candle, Bitcoin accelerated to break through from 87200 and Ethereum from 2800, basically reaffirming the double bottom foundation. Whether this is a rebound or a reversal, let's hear more details from the live market!
Big cake:
The daily double bottom pattern has been completed. 93000 is the critical point for continued growth. If the small cycle pulls back to 91500/90000, it is an opportunity. Just take profit at 89000/88000 in the short term. The purpose of taking profit is to buy back at a better low price. The upward targets are 96000/100500 (point of small rebound to large rebound transition)/110400 (point of reversal). Once it breaks through here, the probability of reversal is very high, so do not blindly short. After all, we have already been around 80000, and we don't look too far ahead; let's finish this wave of rebound first!
Second cake:
Basically similar to the big cake trend, the daily line has also completed the double bottom pattern. Currently, the resistance level is 3100. A pullback to 2970/2920 is another small opportunity, and just take profit at 2880. The resistance levels above are 3200/3420 (big rebound point)/3900 (point of reversal). Similarly, let's not consider the reversal for now; let's eat the rebound we need to have in the near future first!
Gold:
Those who have been following my recent updates basically know that our community has added a gold trading section, and the trend of gold is easier to grasp than that of cryptocurrencies. I have been analyzing the trend for almost one or two months and have not missed it. Currently, the long-term trend of gold is still bullish. Recently, we encountered resistance at 4250, and the range is consolidating between 4250/4165. Once the consolidation ends, it is highly likely to advance towards 4350. After breaking through, there will be a clear sky; if it does not break through, just take profit at the double top!
Warm reminder:
Our community has been continuously upgrading internal technology and optimizing trading strategies for the past half a year, as well as researching the gold section, which is now basically taking shape. A new season is about to start this month, and we welcome both new and old friends to communicate together. Looking forward to meeting at the peak in 2029!
The above is purely personal opinion
Does not constitute investment advice
Entering the market has risks
