December 3 BTC/ETH Analysis:

Like a spring breeze overnight, is a bull run coming after CZ's call?

Last night, before the US stock market opened, CZ posted that new highs would appear. Subsequently, a series of positive news followed: first, the Federal Reserve ended its quantitative tightening policy; then, Vanguard, the world's second-largest investment firm, allowed investments in crypto spot ETFs; Bank of America recommended allocating 1%-4% to digital assets. This string of major news boosted market sentiment and brought in capital, with the size of the US money market exceeding $8 trillion for the first time!

BTC
Currently, the technical outlook shows a clear bullish signal. The moving averages are aligned bullishly, with both a golden cross and continued trend confirmation. The price has broken through the daily mid-band resistance with volume, testing the strong resistance at 9300 twice without breaking through. On the hourly chart, there is some weakness, indicating a need to pull back. As long as the support at 9060 holds during the pullback, the bullish pattern remains intact. Focus on buying during pullbacks.

Trade around 9210-9250, with a target of 9350; if it breaks, look up to 9450-9620.

ETH
Trade in the 3006-3025 range, targeting 3062; if it breaks, look up to 3120-3178.

Short-term trading should remain flexible, and stop-losses should be set based on your own position! $BTC $ETH #十二月行情展望