12.2 Bitcoin Market Analysis Reference
Currently, the trend shows that on December 1st at 20:00, a long lower shadow appeared on the 4-hour chart, indicating strong support around the 84000 area; after three consecutive days of closing in the red on the daily chart, a rebound occurred but failed to break through the previous high of 93092, forming a weak rebound structure in a downward trend. In terms of technical indicators, both the 4-hour and daily MACD are below the zero axis, with DIF and DEA continuing to weaken, indicating a weak overall trend in the short term. The price has fallen below all moving averages such as EMA7/30/120, with the current 86418 below EMA7 (86697), forming short-term resistance. The overall structure remains bearish.
From the hourly chart perspective, the pullback continues, and subsequent rebounds are relatively weak, with the price having the potential for further decline. Therefore, it is currently advised not to enter long positions; caution is advised for further price declines. The current trend is a choppy decline, so operationally, it is recommended to focus on short positions during rebounds, with long positions as a supplement. Upper resistance is around the 88500 level, while lower support is around the 80000 line.
12.2 Bitcoin Short-term Trading Ideas Reference:
Lower test entry point 88800-87800 short, stop-loss 90500, target below 86300,
Upper test entry point 80500-81500 long, stop-loss 500, target above 82500,
12.2 Ethereum Short-term Strategy Reference:
Lower test 2860-2905 light short, stop-loss 30 points, target below 2800,
Upper test entry point 2681-2631 long, stop-loss 30 points, target above 2720,
Due to delays in article sending, strategy suggestions are for reference only. The market changes rapidly; no matter how high the confidence in market judgment, profit-taking and stop-loss must be managed well. Securing profits is crucial. #加密市场回调 #BTC #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH🔥🔥🔥🔥🔥🔥


