Tuesday, December 5, 2023

Is the rise over after a night of pullback?

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I. Bitcoin

1. Daily Chart: After breaking through the 38000 level, the price continued to rise. There is still an upward trend if the subsequent pullback does not break this level.

2. 1-hour Chart: After breaking through the 41000 level in the short term, there was a pullback. There is still an upward trend if the subsequent pullback does not break this support.

II. Ethereum

1. Daily Chart: After breaking through the 2130 level, the price continued to rise. There is still an upward trend if the subsequent adjustment does not break this level.

2. 1-hour Chart: After breaking through the 2200 level in the short term, there was a pullback. There is still an upward trend if the subsequent pullback does not break this support.

I. Bitcoin

1. Yesterday's Viewpoint:

Summary: After the short-term price trend broke through the 39800 level and continued to rise, there is still an upward trend if the subsequent pullback does not break this support. The upper resistance is at 41500 and 41900 levels; if broken, it will initiate a pullback trend, with lower support at 38700 and 37900 levels.

2. Subsequent Trend:

The subsequent trend saw a slight fluctuation without breaking the 39800 level support and continued to rise, successfully reaching the second target at the 41900 level, with the highest reaching the 42440 level.

II. Ethereum

1. Yesterday's Viewpoint:

Summary: After the short-term price broke through the 2180 level and continued to rise, there is still an upward trend if the subsequent pullback does not break this support. The upper resistance is at 2250 and 2315 levels; if broken, it will initiate a pullback trend, with lower support at 2120 and 2060 levels.

2. Subsequent Trend:

The subsequent trend saw a pullback without breaking the 2180 level support and continued to rise, successfully reaching the first target at the 2250 level, with the highest reaching the 2276 level.

I. Bitcoin

Summary: After the short-term price broke through the 41000 level, there was a pullback. There is still an upward trend if the subsequent pullback does not break this support. The upper resistance is at 42800 and 43770 levels; if broken, it will initiate a pullback trend, with lower support at 39800 and 38500 levels.

II. Ethereum

Summary: After the short-term price broke through the 2200 level, there was a pullback. There is still an upward trend if the subsequent pullback does not break this support. The upper resistance is at 2300 and 2352 levels; if broken, it will initiate a pullback trend, with lower support at 2120 and 2060 levels.

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