Zhou Yanling: Bitcoin's Volatility on December 3rd - Latest BTC and ETH Trend Predictions and Trading Strategies
The market's highest focus remains on the Federal Reserve's movements. U.S. President Trump plans to announce his choice to replace Powell as the Federal Reserve Chairman early next year. White House economic advisor Hassett is a popular dovish candidate, and his potential appointment may further amplify expectations for easing policies, which would be a long-term positive for cryptocurrency prices. However, in the short term, international geopolitical turmoil and some important speeches have made market sentiment cautious, leading to consecutive adjustments in cryptocurrency prices, both in speed and magnitude. Therefore, current cryptocurrency prices should not be overly interpreted for their bullish or bearish continuation; a broad range of sweeping fluctuations is expected, and effective trading transitions need to be made at key points.
From a technical perspective, Bitcoin has recently formed consecutive bullish candles on the daily chart, showing a strong upward trend in the short term. On the hourly chart, the candlestick performance from 09:00 to 12:00 on December 3rd shows high-level consolidation, with bullish momentum weakening in the short term. The hourly MACD is above the zero line, and the bullish momentum bars are gradually shortening, indicating a decrease in upward momentum; however, the daily MACD shows a golden cross upwards, still possessing some upward power. The hourly RSI hovers around 72, nearing the overbought zone, but no significant pullback signals have appeared; the daily RSI continues to rise, maintaining a strong state. The hourly EMA shows EMA7 > EMA30 > EMA120, with moving averages in a bullish arrangement, providing strong support; the daily EMA also shows a bullish arrangement, with a medium to long-term bullish trend, but caution is needed for potential pullback risks.
Zhou Yanling's December 3rd Bitcoin Trading Strategy:
Short at 94000-93200, reserving space to add at 96000, with a stop loss of 1000 points, targeting 91000-90000.
Long at 89500-90500, with a stop loss below 88500, targeting 92500-93500.
Zhou Yanling's December 3rd Ethereum Trading Strategy:
Short at 3150-3100, with a stop loss above 3200, targeting 3000-2960.
Long at 2950-3000, with a stop loss below 2900, targeting 3080-3130.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in cryptocurrency market investment research for over ten years, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. With a solid theoretical foundation and practical experience, the author excels in combining technical and news-based operations, emphasizing capital management and risk control. The trading style is steady and decisive, recognized by many investment friends for a friendly and responsible character combined with sharp and decisive operations.
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