Share of Bitcoin and Ethereum operating suggestions and directions on the morning of December 2.
From the current structure, the four-hour level shows that after a sharp decline, the Bitcoin price stopped falling at 83786, correcting the market with two consecutive green candles. However, overall it still belongs to a downtrend channel, with bearish forces dominating. The short-term moving averages are in a bearish arrangement, and the middle track of the Bollinger Bands is moving downwards, indicating that the current market is in a weak consolidation phase after a decline, rather than a trend reversal signal. Looking at the one-hour level, the Bollinger Bands show signs of convergence, and the three tracks are developing horizontally. In the short term, it may enter a narrow range of oscillation correction. The K-line is slowly climbing above the lower track support, attempting to challenge the upper pressure zone. However, the rebound process is always hindered by critical resistance zones, and the upward space is limited. Although the MACD indicator has formed a low-level golden cross, the slope is gentle and the momentum is weak, which can only be regarded as a technical adjustment in the bearish market, without substantial significance for a trend reversal. Overall, the market structure still maintains a bearish pattern, so Lao Zhao's morning suggestion is to focus on rebound opportunities. The big pancake is around 86700 to 87200 for possible trading, pay attention to 84500. The second pancake is around 2800 to 2830, you can consider it, pay attention to 2720#BTC #ETH .
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Share of Bitcoin and Ethereum operating suggestions and directions on the morning of December 2.
From the current structure, the four-hour level shows that after a sharp decline, the Bitcoin price stopped falling at 83786, correcting the market with two consecutive green candles. However, overall it still belongs to a downtrend channel, with bearish forces dominating. The short-term moving averages are in a bearish arrangement, and the middle track of the Bollinger Bands is moving downwards, indicating that the current market is in a weak consolidation phase after a decline, rather than a trend reversal signal. Looking at the one-hour level, the Bollinger Bands show signs of convergence, and the three tracks are developing horizontally. In the short term, it may enter a narrow range of oscillation correction. The K-line is slowly climbing above the lower track support, attempting to challenge the upper pressure zone. However, the rebound process is always hindered by critical resistance zones, and the upward space is limited. Although the MACD indicator has formed a low-level golden cross, the slope is gentle and the momentum is weak, which can only be regarded as a technical adjustment in the bearish market, without substantial significance for a trend reversal. Overall, the market structure still maintains a bearish pattern, so Lao Zhao's morning suggestion is to focus on rebound opportunities.
The big pancake is around 86700 to 87200 for possible trading, pay attention to 84500.
The second pancake is around 2800 to 2830, you can consider it, pay attention to 2720#BTC #ETH .