December 4th Market View

BTC is consolidating, ETH is catching up, currently driven upward by expectations of interest rate cuts. The rate cut is expected next Thursday at 2 AM, leaving little time for the bulls. As long as there is another wave of collective rebound, everyone, build your short positions in batches, hold on for me, this is the biggest fortune of the year-end!

#BTC Price is under pressure at 94,000, with some selling pressure appearing here in the short term, the trend is chaotic, the 4-hour Vegas is under pressure for adjustment, but as long as it does not break below 90,000, the upper expectation remains 98,000-112,500. Pay attention to 92,500 today, if it doesn't break during the pullback, the rebound is still in a strong phase, and it will continue to test 94,000-96,110-98,000. If it breaks down, the trend will weaken, with support at 91,150-90,200-89,000;

#ETH There was a strong rebound early in the morning, breaking through the moving average resistance. On one hand, it's due to the implementation of upgrades, and on the other hand, the price has broken through. Meanwhile, eth/btc has also broken through the trend resistance, but during the day session, it started to weaken again. In the short term, if it does not break below 3,100, the expectation remains at 3,500-3,800. However, time is of the essence, or it won't go too high. Today, if it doesn't break below 3,175, the bulls remain strong, moving to the upper range of 3,260-3,320. If it breaks below 3,175, there will be an expectation of an hourly pullback, with support at 3,140-3,090-3,030.