The essence of trading is survival, followed by profit. So, before each operation, think clearly about whether your actions are rational, whether your capital is safe, and you need to form your own trading mindset, continuously optimize and improve. Although the advice of the Bitcoin circle expert may not make you rich overnight, it can ensure that they are always there for you. Only those who survive in the Bitcoin circle for a long time and persist until the end can achieve the results they want. I hope you can understand.

I am a warrior protecting the rookies in the Bitcoin circle, wishing my fans to achieve financial freedom in 2024. Let's work together!

Cryptocurrency Academy: Latest market analysis for bitcoin (BTC) on December 3, 2024.

The current price of bitcoin is 95,700. It is now 2:45 AM Beijing time. Let's review yesterday's advice to prioritize survival and hold on to the tokens instead of jumping in hastily. How many long positions have block orders cashed out this time? Anyone still stubbornly holding out? Remember that the essence of trade is survival, and profit comes second. Therefore, with the current bullish trend unchanged, all pullbacks are merely bait for bears. I entered a long position at 94,500 and I am currently holding. You may consider this.

Looking at the daily candlestick, the highest was 97,200 and the lowest was 94,400. It has just retraced to the EMA15 trendline support. After a week, the candlestick returned to test the trend indicators. Last week's EMA15 support was at 91,500, and this week's support point is at 94,500. This is the reason I entered a long position. The trend indicators remain bullish, MACD is showing a decreasing volume divergence with the unchanged trend, and DIF and DEA are expanding downwards from a high position. The Bollinger Bands are still contracting, the upper resistance is at 100,800, and the middle support is at 94,100. KDJ is contracting, and it currently seems that the bottom probing is not over, so necessary defensive measures and stop losses must be in place.

The four-hour candlestick has shown a long bearish line. Initially, the attempt to pull up to 97,000 failed, and now it has retraced to test the bottom at 94,400, breaking the EMA60 support at 95,500. The key point lies at the EMA90 trendline at 94,100. If it breaches this point, it may very well probe down to the 90,000 mark. MACD has lower volume trending downwards, and DIF and DEA are approaching the zero axis. The lower Bollinger Band support at 95,500 has been lost. Currently, the candlestick has returned to within the Bollinger Bands. Pay attention to whether 97,000 can break through. If not, part of the profits from long positions should be cashed out. If it breaks through, continue holding and trade in the direction of the trend, with longs as the main focus and shorts as a supplement.

Short-term strategy reference: the market is never 100% certain, so always set a stop loss; safety is the first priority. The goal is to minimize losses and maximize profits.

Long positions between 94,500 and 94,000, with a stop loss below 94,000, aiming for 95,500 to 96,000. If the price breaks through, look for 96,500 to 97,000.

Short positions between 96,500 and 97,000, with a stop loss above 97,500, targeting 95,500 to 95,000. If the price breaks through, look for 94,500 to 94,000.

Currently holding a long position at 94,500, so if the long position hits the stop loss, wait for the next dip around 90,000 before trying long positions again. If the position increases significantly, exit with a small loss; if it goes well, hold the position with unchanged targets.

The specific operation is mainly based on real-time data of the order book. For more details, you can consult the author for more news. There may be delays in article publication, so it is recommended for reference only, and risks are self-managed.