Midday Bitcoin and Ethereum Trading Suggestions and Direction Sharing for December 3
Looking back at the early morning BTC trend, after the strategy was provided at 4 am, the trend developed as expected, gradually rising from around the 90,600 level in a slow uptrend, reaching a high of around 93,060, with a range increase of nearly 2,500 points. It is currently fluctuating around the 92,700 level. ETH is moving in sync with BTC, with significant correlation. Overall, the market is operating in a bullish rebound trend, and the strategy has once again been validated. I believe those who followed have gained something.
From the current market perspective, the trend is showing a volatile upward movement, with the Bollinger Bands expanding. The price is currently between the middle and upper bands, consolidating at a high level. Recently, the K-lines are mostly bullish green candles, and although there has been some short-term selling, the retracement has been limited. The short-term market is still dominated by bulls, and during recent pullbacks, the price did not fall below the middle band, indicating strong and stable support below. This further confirms the continuation of the current bullish trend. Therefore, for midday, we recommend maintaining a bullish outlook and continuing to watch for a valid breakout above the upper band.
BTC: Long positions can be considered around 92,500–92,000, watch 94,000. ETH: Long positions can be considered around 3,030–3,000, watch 3,100. #BTC #ETH
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Midday Bitcoin and Ethereum Trading Suggestions and Direction Sharing for December 3
Looking back at the early morning BTC trend, after the strategy was provided at 4 am, the trend developed as expected, gradually rising from around the 90,600 level in a slow uptrend, reaching a high of around 93,060, with a range increase of nearly 2,500 points. It is currently fluctuating around the 92,700 level. ETH is moving in sync with BTC, with significant correlation. Overall, the market is operating in a bullish rebound trend, and the strategy has once again been validated. I believe those who followed have gained something.
From the current market perspective, the trend is showing a volatile upward movement, with the Bollinger Bands expanding. The price is currently between the middle and upper bands, consolidating at a high level. Recently, the K-lines are mostly bullish green candles, and although there has been some short-term selling, the retracement has been limited. The short-term market is still dominated by bulls, and during recent pullbacks, the price did not fall below the middle band, indicating strong and stable support below. This further confirms the continuation of the current bullish trend. Therefore, for midday, we recommend maintaining a bullish outlook and continuing to watch for a valid breakout above the upper band.
BTC: Long positions can be considered around 92,500–92,000, watch 94,000.
ETH: Long positions can be considered around 3,030–3,000, watch 3,100. #BTC #ETH