Thursday, December 7, 2023

After a night of adjustment, is the bull market over?

① 20:30 US Challenger Job Cuts for November

② 21:30 US Initial Jobless Claims for the week ending December 2

③ 23:00 US Wholesale Inventories for October

I. Bitcoin

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

2. 1-hour Chart: After breaking through the 43300 resistance level in the short term, there was a slight pullback. If the subsequent pullback does not break this support, there is still an upward trend.

II. Ethereum

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

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

I. Bitcoin

1. Yesterday's Viewpoint:

Summary: After the price broke through the 43300 resistance level in the short term, there was a slight pullback. If the subsequent pullback does not break this support, there is still an upward trend. Resistance above is at 45200 and 46180; if broken, a pullback trend will start, with support below at 42000 and 40150.

2. Future Trend:

The future trend saw a slight pullback without breaking the 43300 support level and maintained oscillation above it, reaching a high of 44349.

II. Ethereum

1. Yesterday's Viewpoint:

Summary: After breaking through the 2250 resistance level in the short term, there was a slight pullback. If the subsequent pullback does not break this support, there is still an upward trend. Resistance above is at 2340 and 2385; if broken, a pullback trend will start, with support below at 2170 and 2106.

2. Future Trend:

The future trend saw a pullback below the 2250 resistance level, followed by a rebound, reaching a low of 2218.

I. Bitcoin

Summary: After the price broke through the 43300 resistance level in the short term, there was a slight pullback. If the subsequent pullback does not break this support, there is still an upward trend. Resistance above is at 45200 and 46180; if broken, a pullback trend will start, with support below at 42000 and 40150.

II. Ethereum

Summary: After the price broke through the 2200 resistance level in the short term, there was a slight pullback. If the subsequent pullback does not break this support, there is still an upward trend. Resistance above is at 2340 and 2385; if broken, a pullback trend will start, with support below at 2135 and 2080.

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