It is now December 3, 2025, so let's take a look at the current daily situation of Bitcoin. Two days ago, a large bearish candle dropped down, and last night there was some good news.

Ethereum's upgrade suddenly brought up this good news, which is clearly stirring things up. What should we do today? First, we need to pay attention to this resistance level, which is the previous high of 93,080.

This is an important neckline. If you want to short at this position, make sure to set a stop loss. Once this neckline is broken, it will come down here.

Where is this resistance? This resistance is at 98,143, and also at 103,208. Remember these two resistance levels.

Now let's look at the weekly chart. On the weekly level, a long leg has been pulled up. The last two days have seen continuous ups and downs in this washout. Previously mentioned was that the medium-term outlook is for consolidation, and the long-term outlook is bearish. Now, you can see the medium-term is consolidating here with a bullish pin bar.

So how should we approach today’s tasks? For today’s tasks, if you missed the long positions, then look for short opportunities. Where to go long? You need to wait for it to pull back. It just shot up, so it won’t drop too deep in the short term. Therefore, we are waiting for it to reach a level to short. If you want to go long in the short term, keep an eye on the area around 89,000; if it pulls back to around 89,000, you can consider going long.

At this point, some brothers might say that if it can drop to 89,000, they will definitely short it. If a short position structure forms, then short it down and then go long again.

In the short term, this wave has definitely trapped some short positions yesterday.

Those who opened short positions here without a stop loss are definitely trapped. Either they lost, or if they didn’t lose, they are still trapped.

Do you think the market makers are so kind? Will they directly come down to help you break even? Do you think that’s possible?

So it will still oscillate at a high level. Wait for it to reach a level to short down. Anyway, the medium-term outlook is for consolidation. If you missed the long at a high level, then wait to open a short. Just continue to profit from the oscillation of the range; it’s that simple.

For more strategies, follow the public account BTC-ETH Crypto.

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