empty
04.12.2024 10:16 AM
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.

This image is no longer relevant

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.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Maxim Magdalinin
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading tips for crypto market on October 8 (North American session)

Bitcoin gradually recovers after a correction to $121,000, now trading around $123,000. Ethereum, meanwhile, is showing a quieter performance. It has been reported that S&P Global, the company behind

Miroslaw Bawulski 15:17 2025-10-08 UTC+2

Bank of England plans series of stablecoin-related reforms

According to media reports, the Bank of England is preparing to introduce exceptions to its proposed restrictions on stablecoins — a move signaling a shift in approach

Jakub Novak 15:03 2025-10-08 UTC+2

SEC opens door to new crypto projects

Bitcoin experienced a solid correction yesterday during the US trading session. The movement from $125,000 down to $120,500 was quite active, after which the first buyers began to step

Jakub Novak 09:53 2025-10-08 UTC+2

Cryptocurrency Market Trading Recommendations for October 8

Bitcoin posted a notable decline yesterday, pulling back to more attractive buying levels around $121,000. Many traders are now wondering whether this drop will continue or if it's merely

Miroslaw Bawulski 08:59 2025-10-08 UTC+2

Bitcoin Forecast for October 8, 2025

Bitcoin's exchange rate against the U.S. dollar has been correcting for the second consecutive day after a strong upward movement that began on September 26. If today's daily candle closes

Laurie Bailey 06:50 2025-10-08 UTC+2

Crypto market: growth as baseline scenario

The macroeconomic environment, sustained institutional demand, and expectations of a dovish Federal Reserve make the scenario of Bitcoin reaching new all-time highs in Q4 the base case. In any event

Jurij Tolin 14:14 2025-10-07 UTC+2

US government shutdown supports demand for crypto assets

Bitcoin reached a new all-time high yesterday, climbing to around $126,206. Concerns over a potential US government shutdown and political crises in France and Japan have driven traders toward alternative

Jakub Novak 11:10 2025-10-07 UTC+2

Cryptocurrency Market Trading Recommendations for October 7

If we examine the daily chart, Bitcoin has displayed a steady and strong uptrend for nine consecutive days, excluding October 4. The price rebounded from $109,000 to $126,200. Ethereum

Miroslaw Bawulski 07:42 2025-10-07 UTC+2

European regulator gears up to tackle crypto market

While Bitcoin is hitting new all-time highs and Ethereum is also heading for its own highs, the European regulator is preparing to tighten oversight of the crypto sector

Jakub Novak 13:28 2025-10-06 UTC+2

Unprecedented BTC withdrawals from exchanges

Even though Bitcoin reached a new all-time high over the weekend, crossing above the $125,700 mark, Swissblock reports record-breaking BTC outflows from exchanges. The last time such a large outflow

Jakub Novak 09:47 2025-10-06 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.