December 2 BTC/ETH strategy analysis:

Bending down and bowing, the rebound is only to soar higher!

The market finally saw a relatively strong rebound in the early morning. Don’t think that the market has reversed; the overall decline has been too large, and it’s unrealistic to expect an effective rebound to fix the market structure. Yesterday, I emphasized that before the rebound at 8830, the big coin had reached the take profit level after the US market at the 2850 line for both Kong and Auntie. Pay close attention to Trump's speech at 3:00 AM today!

BTC
In the early session, the daily line closed with a long shadow at the bottom and started to rebound. The K-line pattern shows a bearish engulfing, and the moving average indicators are in a downward arrangement, accompanied by a reduction in volume. The current rebound is just a consolidation and repair phase. Watch the market but do not act on it. Pay attention to the upper resistance levels at 8830-9030 during the rebound; if it reaches these levels, it will signal an entry point.

Around the range of 8740-8780, the target is to look lower at 8610-8460 breaking down to 8230.

ETH
Around the 2833-2858 range, the target is to break below 2767-2708 and look at 2662.

Short-term trading is flexible and variable, and defense is determined based on one's actual position! $BTC #比特币行情观察 $ETH