Bitcoin and Ethereum Evening Thought Analysis

Evening Operation Strategy #BTC #ETH

Bitcoin is in the range of 92000-92500, target below 90000 looking at 88000

Ethereum is in the range of 3150-3180, target below 3050 looking at 3000

The 4H chart of Bitcoin shows a converging pattern, the Bollinger Bands are continuously narrowing and leveling off, currently in a wait-and-see phase before the Federal Reserve's December interest rate decision, interest rate cut expectations have been priced in early, and the current bulls lack sustained upward momentum, making it difficult to break through the upper edge of the volatile channel in the short term.

The upper resistance of Bitcoin's volatile range is concentrated at 92000-92500, and the lower support is located at 89000-89500.

Although Ethereum's daily line has consecutively closed positively, the upward momentum is weak, the 4H chart shows intertwined moving averages, MACD momentum is weakening, RSI has not broken through the critical value of 60, and is in a downward channel.

Ethereum's 4H volatile range has resistance focusing above 3150-3200 and support below 3000-3050.