04.12.202410:16 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on December 4

Bitcoin and Ethereum continue to be bought at the slightest dips, signaling a bullish market.

Following Donald Trump's re-election last month and promises of more crypto-friendly regulation, cryptocurrency prices have skyrocketed. Investors, optimistic about positive policy changes, began pouring money into digital assets. Many attribute this to the president's promise to lower tax burdens for crypto investors and simplify the registration process for crypto exchanges. Meanwhile, major cryptocurrency platforms have started preparing to roll out new products to meet rising demand. Interest in cryptocurrencies has also grown as traditional currencies lose ground due to inflationary pressures.

Bitcoin leads the market, coming within a step of the $100,000 mark. This resurgence has revitalized the altcoin market, capitalizing on renewed investor interest.

Dogecoin has surged, fueled by its association with Elon Musk and plans to create a

Department of Government Efficiency, which Musk will reportedly lead. Solana (SOL) reached a new all-time high of $263 in November. Ethereum (ETH), which had been lagging behind Bitcoin this year, finally gained momentum over the weekend, hitting an eight-month high above $3,730.

Unexpectedly, some of the most significant recent gains have come from lesser-performing tokens. Many coins, stagnant for years—including some of the industry's most recognized names—have suddenly spiked. XRP soared by 45%, surpassing recent gains from Bitcoin and Dogecoin. Tron (TRX) hit a new all-time high yesterday, showing unexpected growth.

Among the top 100 cryptocurrencies by market capitalization, Hedera (HBAR) recorded the highest gain this week, rising 137% in seven days. IOTA closely followed with a 130% increase, and Algorand (ALGO) surged by 84% over the same period.

This indicates that the altcoin season is in full swing—don't miss this opportunity.

As for the intraday strategy on the cryptocurrency market, I plan to focus on significant dips in Bitcoin and Ethereum, targeting further bullish development in the medium term. The bull market remains intact.

For short-term trading, the strategy and conditions are outlined below.

Bitcoin

Buying Scenario

I plan to buy Bitcoin today upon reaching the entry point of around $96,800, targeting an increase of $97,700. Around $97,700, I will exit the buys and sell immediately on a rebound. Before buying on a breakout, it's best to ensure that the Stochastic indicator is near the lower boundary, around the 20 level.

Selling Scenario

I plan to sell Bitcoin today upon reaching the entry point of around $96,200, targeting a decline to $95,100. Around $95,100, I will exit the sales and buy immediately on a rebound. Before selling on a breakout, ensure the Stochastic indicator is near the upper boundary, around the 80 level.

Ethereum

Buying Scenario

I plan to buy Ethereum today at the entry point of around $3,694, targeting an increase of $3,764. Around $3,764, I will exit the buys and sell immediately on a rebound. Before buying on a breakout, ensure the Stochastic indicator is near the lower boundary, around the 20 level.

Selling Scenario

I plan to sell Ethereum today upon reaching the entry point of around $3,657, targeting a decline to $3,594. Around $3,594, I will exit the sale and buy immediately on a rebound. Before selling on a breakout, ensure the Stochastic indicator is near the upper boundary, around the 80 level.