Rebound or reversal? Bitcoin strategy guide for the evening of December 2nd!

CN
8 hours ago

What you see is what the market wants you to see. The money in your hands is the "troops." Understanding how to arrange your troops is crucial. In the Battle of Guandu, Yuan Shao had an army of 700,000 but was defeated by Cao Cao's 70,000. It's not about the number of troops but their quality. Xiang Yu, despite his strength, ultimately took his own life at the Wu River, while Liu Bang, a petty rogue, understood how to recognize and utilize talent to establish the Han Dynasty! If you were Han Xin, how would you arrange the "troops" in your hands? How many would ambush, how many would handle logistics, and how many would be the vanguard? If the attack succeeds and you capture (profit), how would you arrange it? If it fails (loss), how would you respond? Without personal emotions and biases, the goal of battle is not to be a deserter but to have a planned and structured arrangement. Some defeats (losses) are for greater successes (profits), not to be ensnared by a single city or pool.

Bitcoin's daily chart shows a long bearish candle with a long lower shadow. The upper and middle bands of the Bollinger Bands continue to move downward, applying pressure. Last week, bulls seemed aggressive, but the rebound was also under pressure from the middle band. This is why Zhong Liang emphasized a slow rise and a rapid fall in the market, warning of the bull trap. It's not that going long has no profit, but if you miss the exit, long positions can easily get trapped, and you might also miss the opportunity to go short! The MACD shows a decrease in bullish momentum, and the KDJ has a death cross moving downward, with bears still holding the advantage.

On the 4-hour level, the price stopped falling and rebounded at 83786. Currently, there are five consecutive bullish candles, and the price is above the lower band of the Bollinger Bands. However, remember that a rebound does not mean a reversal. The market does not only fall without rising. Yesterday's large bearish candle caused many bulls to get trapped. Friends who went long should also take a breather, while those who went short should have taken their profits yesterday and reduced their positions. If the market does not repair the indicators and fill the gaps, how can one enter high shorts today? Where can the reduced short positions be replenished?

For Bitcoin today, the upper resistance to watch is at 87500 and 88800. High shorts can be considered around these levels. The lower support to watch is at 86000, 85000, and 83000.

For Ethereum, the upper resistance to watch is at 2850 and 2930. High shorts can be considered around these levels. The lower support to watch is at 2750, 2650, and 2600.

The degree of your desire is the only true limit to your ability! No matter what challenges you face, when others doubt you, you can still believe in yourself! What truly determines a person's achievements is not talent or luck, but strict self-discipline and high-intensity effort. The secret to success is not a secret at all; it is simply to keep doing. Repeat simple tasks, and do repeated tasks with care. If you truly work hard and have clear goals, you will find yourself more excellent than you imagined. For more market interpretations, follow the public account: BN Zhong Liang

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