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

Share of Bitcoin and Ethereum operation suggestions and directions on noon of December 2.


In the morning thoughts, we mentioned that we can look around the 97200 area, and the market conditions also arrived as expected. After rebounding to the 97200 line, it shows that there is still pressure above, entering the correction phase. Therefore, we suggested entering near the big coin at 87200 and the second coin at 2820, which has already resulted in a small profit taken. The big coin has again secured some space, and the second coin has also managed to secure some space. Old Zhao advocates for early planning and clear thinking, ensuring that every step has a clear path to follow. If you have no ideas and don’t know how to judge entry and exit points, you don’t have to worry alone — we are always here to communicate and solve problems together.
From the current market perspective, looking at the 4-hour level, the price has fallen continuously to around 83700 before stopping the decline, and the bulls have entered for a rebound. Currently, the market is showing a three consecutive bullish candles, but the rebound momentum is not as strong as the previous bullish trend, and it has not made a strong effort to reclaim the previous losses. After rebounding to around 87300, it shows that there is still pressure, gradually entering a correction. The Bollinger Bands continue to decline, indicating that the bullish momentum is weak in the short term, and the previous trend will continue. Looking at the 1-hour level, the Bollinger Bands are continuing to develop horizontally. After entering three consecutive bullish candles in the morning, the market has entered a narrow range of fluctuations, alternating between bearish and bullish candles. This emphasizes a clear short-term fluctuation trend. In this situation, both long and short positions have opportunities, so it's important to seize the moment to take profits. Therefore, during the afternoon, Lao Zhao's operational suggestion is to primarily focus on high selling and low buying based on the inherent idea of range fluctuations.
Around 87300 for Bitcoin, pay attention to 85500
Around 2830 for the second pancake, pay attention to 2750#BTC #ETH
ETH6.07%
BTC0.99%
View Original
post-image
post-image
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • 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)