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On Tuesday, December 2nd, let's talk about BTC and ETH market data.
Looking at the four-hour chart, the sideways consolidation is quite obvious. After testing the lower level, the price did not continue to fall, and the trading volume first contracted and then increased, turning to bullish. The moving averages are starting to rise in unison, and the short-term bulls have already gained a foothold; the upper space is about to open up.
How to view short positions? The upward trend after stabilizing is still continuing. The volume is cooperating well, and the bullish arrangement is very clear, with the channel opening upwards and the moving averages turning upwards. Although there have been some fluctuations in between, this kind of oscillation is actually accumulating strength to prepare for a breakout. Regarding the next strategy, I tend to favor buying on dips.
#ETH走势分析 Operation idea: Consider going long in the range of 86000 to 86500, looking at the rebound potential towards 87500-88500.
$BTC Operation Suggestion: Place long positions in the 2760-2790 range, with targets around 2850 to 2900.