December 1 midday Bitcoin Ethereum market analysis and trading strategy

Bitcoin rebounded yesterday, touching a high of 91929 before facing pressure and starting to retreat. The current price has returned to around 86400, fluctuating in that range. After a series of consecutive bullish candles on the 4-hour chart, it has entered a local consolidation and correction phase. The support at the midline is near the 85000 mark, and given the large fluctuation base, it is still in a local correction within an overall bullish trend without showing a downward reversal, just experiencing a slight short-term slowdown, which makes the current position somewhat passive. The main issue is that the fluctuation base is large, making it difficult to set stop-loss levels. It remains to be seen whether there will be further retests to confirm support or if it will consolidate horizontally and then rise again. The focus for trading time points has been shifted to the evening, where short-term operations should still look for opportunities to enter short positions before breaking the support.

Ethereum experienced a rebound yesterday, reaching a high of around 3052 before facing resistance and beginning to decline. The price is currently fluctuating back around 2820. The 4-hour chart shows a slight pause at the midline during the pullback. Today, there will be a battle for dominance between the high points and the midline; losing the midline will further increase the adjustment space, whereas holding onto the midline and reclaiming the high points will lead to a continued slow rise, with the market continuing a gradual upward trend characterized by stepping back after each rise. This means a repeated pattern of probing highs followed by pullbacks. With a large volatility base, there are many short-term opportunities for both bulls and bears, with the focus on accurately grasping the price levels.

Bitcoin: Short at 86200-87200, target around 85200

Ethereum: Short at 2820-2870, target near 2770
#比特币行情观察 #今日你看涨还是看跌？ $BTC $ETH