#数字货币市场回调 December 1st evening BTC/ETH trend observation

Today, Bitcoin's performance during the day was quite poor. After a surge to a high point in the morning, it began to decline, and in the afternoon, it plummeted with increased volume, hitting a low around 85000. Do the bulls want to rebound? They simply lack the strength. The bears clearly have the initiative now.

From the 1-hour chart, BTC has already broken below the middle of the Bollinger Bands and is currently struggling near the lower band. Worse still, the Bollinger Bands are expanding downwards, which typically indicates that the downtrend will continue. Can the support at the lower band hold? I personally have doubts.

In terms of MACD, the DIF and DEA have formed a death cross and are continuing to move downwards, with the red bars extending longer in the negative area. There are currently no signs of exhaustion in the bearish momentum, and the likelihood of continuing to look bearish in the short term is greater.

In terms of operation, BTC can consider placing short positions in the range of 87500-87000, with a target below looking at 86000-85400. If it breaks below, then continue to look at 84000.

ETH is relatively weak; a short position can be attempted at 2900-2880, with target levels at 2860-2820. If it breaks, then watch for 2750.

Market sentiment is relatively weak, be cautious in managing your positions.