Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities, today is Sunday, December 8, 2024, I am Wang Yibo! Good morning, crypto friends! ☀️ Die-hard fans check in 👍 Like to make big money 🍗🍗🌹🌹

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Next week, the cryptocurrency market will fluctuate due to a series of economic and financial data from the United States. This week, the U.S. non-farm payroll data for November was better than expected, but it hasn't heated up enough to prevent the Fed from cutting interest rates again later this month. The market has raised the probability of a 25 basis point rate cut in December to about 90%. Meanwhile, more and more Federal Reserve officials are leaning towards a cautious approach to rate cuts. The U.S. inflation data next week is the only significant data that could shake the Fed's expectations for a rate cut in December. After the data showed that the U.S. labor market remains strong but shows signs of slowing, Fed officials seem likely to cut rates this month, but the debate about possibly pausing rate cuts next year has already been brought to the table. Policymakers who spoke before the Fed's quiet period generally indicated that they expect rates to continue to decline while maintaining a cautious stance on the pace of rate cuts. Here are the key points the market will focus on in the new week:

Monday 23:00, U.S. October wholesale sales month-on-month;

Tuesday 0:00, U.S. November New York Fed 1-year inflation expectations;

Wednesday 21:30, U.S. November CPI and core CPI;

Thursday 21:30, U.S. initial jobless claims for the week ending December 7; U.S. November PPI year-on-year and month-on-month;

Friday 1:00, the Fed releases account funding flows for Q3 2024;

Friday 21:30, U.S. November import price index month-on-month.

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After two days of significant fluctuations, Bitcoin has recently entered a slight consolidation phase in the last 24 hours, moving within the range of 98,000 to 100,000. Yesterday's small bullish doji candlestick showed a high-level consolidation correction. Although the space has not further expanded, the pullback space is small, replacing the decline with consolidation, still maintaining a strong bullish consolidation trend, and there is still potential for short-term upward momentum. On the four-hour level, Bitcoin's price is recovering in a stepwise manner, consolidating around the 97,500 area as a secondary low point, with the overall rhythm not yet belonging to a strong one-sided trend. The price is accompanied by repeated probing highs and pullbacks for confirmation, but the trend rhythm is upward. Therefore, we will primarily follow the bullish trend, looking for a continuation of the rebound in the short cycle, with a focus on the resistance situation at the short-term rebound high points!

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Ethereum has finally broken through the previous resistance, with the price expectedly rising to the 4,000 level, reaching around 4,092 before facing resistance. The current price has retraced to around 4,000 and is fluctuating without breaking down again. This kind of fluctuating trend does not require excessive interpretation; overall, it is maintaining a range-bound consolidation. After all, the fluctuations last week were quite significant, and the weekend was just the right time for digestion. The overall situation is still in a correction method of exchanging time for space, with alternating small bearish and bullish movements, narrowing space, and a steady yet slightly circuitous trend, currently in the consolidation and accumulation phase within an upward channel. The current market momentum is relatively weak, with no significant counter-trend movements, and the short-term pullback has not extended deeply, indicating that there is still potential for upward movement in the future. Therefore, the strategy suggests accumulating at lower levels, closely following the major trend, and maintaining strong bullish confidence.

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Ethereum's breakthrough rally has also boosted the performance of the altcoin market, with altcoins still highlighting sector rotation. AAVE surged to 291 USD, approaching 300 USD, while XRP, SOL, HBAR, and LTC, which had strong pullbacks a few days ago due to expectations of spot ETF approvals, have regained upward momentum. This surge also occurred at a time when many people were caught in high positions after chasing prices. Additionally, the popular coins OL and MORPHO have seen wild surges, so in the altcoin bull market, your operations must keep pace with the rhythm of sector rotation.

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In this market, it ultimately comes down to ability. If your ability is insufficient, the market will eventually take back what it has given you. Therefore, when your wealth exceeds your ability, you need to control your pullbacks. Although this control may be in vain, that kind of arrogance and hubris from profits will ultimately destroy a person's rationality. However, we need not worry about the situation where our wealth is below our ability in the capital market because such disharmony will eventually be corrected by time. If it has not been corrected, there is only one reason: your ability is insufficient. If you are still in a state of confusion, not understanding the technology, unable to read the market, not knowing when to enter, unable to set stop losses, not knowing when to take profits, randomly increasing positions, getting caught at the bottom, unable to hold onto profits during volatility, and missing out when the market moves, these are common problems among retail investors. But it’s okay; come find me, and I will guide you to the correct trading mindset. A single profitable trade speaks louder than a thousand words; instead of repeatedly losing, come find Yibo! Frequent operations are not as good as precise trades; let each trade be valuable. What you need to do is find Yibo, and what we need to do is prove that our words are not empty. 24-hour real-time guidance, as market fluctuations are relatively fast, due to the effectiveness of review, for subsequent market trends, the focus will be on real-time arrangements. Friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.

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