Evening of December 1st Bitcoin Ethereum market analysis and trading strategy

Bitcoin fell to a low of 85573 during the day but stabilized and began to rebound. The current price has returned to around 86300 and is fluctuating. The 4-hour chart shows that after breaking the strong structure in the afternoon, it also fell below the middle band of the Bollinger Bands and closed beneath it. This indicates that the recent trend is more inclined towards wide fluctuations rather than a strong one-sided movement. After being pressured above ninety thousand in the morning, it turned back down. The next target looks towards the lower band or trendline area. In the evening, the short-term strategy is to hold the position at the intraday opening drop and continue to look for shorts.

On the Ethereum side, after the intraday pin bar dipped to the low point of 2805, it started to rebound, and the price has now returned to oscillate around 2840. The 4-hour chart shows that the intraday strategy is to act as a secondary opening drop around 3000. After a wave of continuous bearish declines, it has weakened and retraced, relying on the middle track of the Bollinger Bands for resistance and continuously testing the support at the lower low points. The direction and targets are clear; combining with the hourly chart to find entry points for short positions, the evening short-term strategy should be to hold the middle track resistance like Bitcoin and continue to look for extensions.

Bitcoin: Short at 84600-85600, target around 83600

Ethereum: Short at 2750-2800, target around 2700 $BTC $ETH #反弹币种推荐 #比特币行情观察