Bitcoin and Ethereum Trading Suggestions and Direction Sharing for the Evening of December 3

Reviewing the daytime market, BTC started consolidating upwards from around 91,300 in the morning, reaching a high of 93,900 by noon, with a range increase of nearly 2,600 points, fully displaying the strength of the bulls. Throughout the day, our strategy was to remain bullish. At noon, we suggested going long around 92,300 for BTC, and simultaneously placing positions around 3,020 for ETH. We advised closing positions near 93,800/3,079 after the rally, securing another 1,400/59 points for BTC and ETH respectively.

Looking at the current market, on the 4-hour chart, BTC was blocked around 93,900 and pulled back with two consecutive bearish candles, currently stabilizing around 92,800. The Bollinger Bands are still expanding, indicating no significant short-term trend change. The MACD fast and slow lines are below the zero axis and continue to turn upward, with the green histogram showing sustained volume, suggesting that the bulls are still dominant in the short term. On the 1-hour chart, the Bollinger Bands show a converging pattern, all three bands are still moving upward, and short-term volatility is decreasing, indicating signs of entering a range-bound phase. After BTC met resistance in the afternoon, it entered a slow correction phase, but this pullback does not have reversal potential, as bullish momentum has not been fully released. The slow pullback serves as preparation for the next breakout. Therefore, the evening trading suggestion is still to focus on buying on pullbacks.

BTC: Buy near 92,600–92,100, target 94,500
ETH: Buy near 3,070–3,040, target 3,150 #BTC #ETH