Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The start of December saw a fierce Whipsaw, and the overall market pullback is quite evident. Friends who had positioned themselves for short positions in advance have reaped good rewards this time; if you missed out, there's no need to rush—opportunities in the crypto world are always reserved for those who know how to wait.



Historical data shows that December is usually a rebound window at the end of the year. Looking at the current trend: BTC has dropped from around $91330 to a low of $85560 and then rebounded to $86600, while ETH has fallen from $3040 to a low of $2805 and is currently hovering around $2840. Both coins have touched critical support areas.

But don't rush to enter the market now. These support levels will face further tests in the short term—BTC may retest 85000, and ETH may dip to 2800. Once lost, the downward trend may continue: BTC could drop to the 80000-83000 range ( corresponding to the October low and macro demand zone ), while ETH may reach 2650-2750 ( close to the 200-day moving average position ).

If you want to catch a large-scale rebound, you might as well patiently observe the second pullback. Wait until BTC firmly holds above 86000 and ETH stands steady at 2800 before considering laying out a bottom-fishing strategy. The market is never short of opportunities; what is lacking is the right timing to enter.
BTC-7.01%
ETH-9.7%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
FlashLoanLordvip
· 4h ago
Wait, can the 85000 level really hold? It feels like it will fall further.
View OriginalReply0
OnchainGossipervip
· 4h ago
Wait, do we really need to fall one more wave to buy? I already jumped in at 85500...
View OriginalReply0
WenMoonvip
· 4h ago
Again with the same rhetoric, wait wait wait, when will we ever stop waiting? --- Is the position at 86000 really unsustainable? It feels like we're just painting a dream again. --- Buy the dip? No way, I don't have any bullets left this month. --- A second pullback... Those who listened to this last time are still trapped now. --- If ETH 2800 really breaks, who knows where it might fall to, don't believe in any support level. --- Those who understand waiting have no coins left, brother. --- Why say so much? If it’s low, just buy, why make such a big deal out of it? --- 80000-83000? It looks to me like self-comforting by drawing lines.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)