December 4th Afternoon Market Analysis: Rebound Faces Resistance, Beware of High-Position Retracement Risks
The current market is at a critical technical divergence point. The short-term rebounds of Bitcoin and Ethereum show signs of fatigue after encountering clear resistance, and the larger cycle's bearish pattern has not changed. This afternoon, the market will engage in fierce competition around key resistance and support levels.
BTC: The price is testing the historical key resistance zone of $93,000 to $94,000. The upper level of $95,000 is an important liquidity accumulation zone; if it cannot break through with volume, the risk of a retracement will sharply increase.
ETH: Similarly faces strong resistance in the range of $3,100 to $3,200. This area is the dividing line for short-term strength between bulls and bears; if the breakout fails, it will confirm the exhaustion of rebound momentum.
Afternoon Operating Strategy and Risk Control
Based on the idea of "rebound momentum waning, primarily short positions", the following suggestions are made:
1. Bitcoin (BTC) Operation Plan
Short entry range: around $94,000 - $94,500.
First target: $91,500
Second target: $90,000
2. Ethereum (ETH) Operation Plan
Short entry range: around $3,230 - $3,260.
Short-term targets:
First target: $3,160
Second target: $3,100
Third target: $3,020
