December 4 Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing

From the current market situation, the market has recently experienced a strong V-shaped rebound. Looking at the daily chart of Bitcoin, the bearish candles have ended the two-day consecutive bullish rebound. The daily opening continued the upward momentum, testing the 94,000 level. Although it broke through and stabilized briefly, there is still pressure above, and it has entered a retracement phase. The Bollinger Bands are narrowing, with the short-term moving average crossing upward with the middle band. The MACD fast and slow lines are extending upward with increasing volume. On the 4-hour chart, the consecutive bullish candles have ended, bearish candles are appearing, and the price is entering a retracement phase. The Bollinger Bands are expanding, with the middle and upper bands continuing to rise. The KDJ indicator is trending downward near 80. Overall, after this round of rebound met resistance, the price is entering a downward phase. On the 1-hour chart, Bitcoin quickly retraced after initially testing the 94,100 level. Currently, it is experiencing a three-candle bearish retracement, breaking through the support of the middle band, showing signs of a reversal. Ethereum is moving in sync with Bitcoin, with significant correlation. Therefore, Lao Zhao's afternoon trading suggestion is to focus on shorting on rebounds.

Bitcoin: Short near 93,500, watch 92,000
Ethereum: Short near 3,200, watch 3,100 #BTC #ETH