Analyst Chen Shu: On December 1, Bitcoin and Ethereum market rebound faced pressure and fell again, pay attention to the stop-loss signals.
From the daily chart of Bitcoin, today it has again closed a large bearish candlestick, and the price has directly fallen below the MA5/10-day moving average. The support level below to pay attention to is the effective situation of the support at line 8.45. If it falls below this, it may short-term test the $80,000 mark downwards. From the 4-hour level, short-term has broken all moving average supports. The support below can focus on the previous low points of the range at line 8.4, and the resistance level can focus on the MA5 daily moving average at line 8.7. For the short term, treat it with weak fluctuations, but do not be overly bearish.
From the daily chart of Ethereum, today it has also closed a large bearish candlestick, and the price has fallen below the MA5/10-day moving average. The previous MA256-day moving average is a key resistance level for the short term. The short-term support level to focus on is the previous low point around line 2750. The pressure level for short-term rebounds can focus on the previous high point of the 1-hour level around line 2850. Before stabilizing above the MA5 daily moving average at the 4-hour level, treat it with weakness first.
Evening operation strategy (writing time: 21:20):
BTC: Short at 8.68, add short at 8.86 on rebound, target 8.55/8.45; look for 1-3000 points rebound below at 8.4/8.3.
ETH: Short at 2850, add short at 2920, target 2800/2750; try short-term long below at 2750/2700.
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below for discussion; I will reply one by one $BTC
