What do you think about the BTC and ETH trends in the afternoon of December 2nd? Let’s discuss my thoughts.

Let’s talk about BTC first. Looking at the four-hour chart, the previous sell-off was quite severe, with the lowest point dropping to 83786 before stabilizing. Although there were two bullish candles afterward, don’t celebrate too early — overall, it’s still moving within a downward channel, and the bears clearly have the upper hand. The short-term moving averages are arranged poorly, and the middle band of the Bollinger Bands is also heading down. In simple terms, it’s just grinding at the bottom after the drop, which is not a reversal signal.

Looking at the 1-hour chart, the Bollinger Bands show a bit of convergence, with the three bands starting to move horizontally. Next, we might see a narrow range of fluctuations and adjustments. The K-line is currently slowly climbing above the lower band, trying to see if it can break through the upper pressure, but each rebound is being blocked, and the upper space is really limited. Although the MACD has golden crossed, the angle is too flat, and the momentum is very weak. This kind of technical repair doesn't mean much in a bearish market.

So my judgment is very simple: the market structure is still bearish. The strategy for the afternoon is to short on rallies.

Specific point:
- BTC can be considered for short in the range of 87200-87700, watching 85500-85000.
- Short ETH around 2820-2850, target 2750-2700

Of course, the market is constantly changing, and specific operations must be combined with real-time market conditions to ensure risk control.