December 1st: Will the downward move at the close of the month present a medium- to long-term opportunity?
The weekly chart closed positive with a price near 90,000. Technically, this week's trading range should have been between 88,000 and 94,000. However, negative news changed the market's direction, requiring further adjustments to the already slightly corrected indicators. Currently, the key support level is back at 90,000-91,000, followed by 95,000. The major support level of 98,000-99,000, given on the 24th, was predicted to be difficult to break within the next eight weeks; we'll leave that aside for now and observe the market. The 4-hour chart shows short-term support around 85,000, but for a more conservative approach, consider the support zone above 83,000. After all, negative news in a bull market presents a buying opportunity, while negative news in a bear market should be treated with caution. In conclusion, consider buying Bitcoin in the 83,600-83,000 range for short-term trades. Medium- to long-term trial entry: Initially, use $80,000 plus or minus $1,000 as a reference for entry. If it breaks through, use $74,000 as a dividing line. If it doesn't break through, enter around $76,000-$75,000. If it breaks through, enter around $73,800-$72,800. That's all for today. This suggestion is for reference only. Manage your risk carefully before entering the market. Profit and stop-loss levels are your own responsibility. Specific strategies will be based on real-time market conditions; please consult us. Alright, friends, see you next time! Wishing you all continued success and a bright future in the crypto world! More real-time suggestions will be sent internally. That concludes today's brief update. For more real-time suggestions, contact Gege. Written by Gege, a trader willing to help you rebuild your fortunes.