Gu Yue KOL: Bitcoin evening market analysis, can a strong rebound change the overall downward trend?

CN
谷月
Follow
1 hour ago

Regarding Bitcoin (BTC) and Ethereum (ETH) market trends this evening (December 3), based on the latest market data and analysis, it can be summarized as "strong rebound, but market views are divided."

Here are the core data for Bitcoin and Ethereum as of this afternoon:

· Bitcoin (BTC)

  · Latest Price: $93,030 - $93,800 range

  · 24-hour Change: +6.87% - +7%

  · Key Levels: After breaking through $92,000, the market is focused on whether it can hold above $93,000 and test the resistance level at $95,070.

· Ethereum (ETH)

  · Latest Price: $3,023 - $3,059 range

  · 24-hour Change: Around +9%

  · Key Levels: Currently attempting to attack the key resistance level at $3,100, whether it breaks through is the short-term focus.

· Technical Breakthrough: Bitcoin has successfully broken through the upper boundary of a long-term descending channel, technically signaling an initial trend reversal.

· Macro Positive: The market generally expects the Federal Reserve to cut interest rates in December, and the quantitative tightening (QT) policy has ended, which is seen as a signal to release liquidity into the market, benefiting risk assets like Bitcoin.

· Sentiment Recovery: Some analysts believe that the market decline in October and November has liquidated a large number of high-leverage positions, laying the foundation for a healthier upward trend.

Cautious views, however, highlight risks, suggesting this is merely a "relief rebound," for reasons including:

· Key Resistance Pressure: The $95,070 level for Bitcoin and the $3,100 level for Ethereum are both strong resistance areas, and breaking through is not easy. After Bitcoin reached $93,000 in early trading today, it has shown a pullback, indicating selling pressure at high levels.

· Diverging Capital Flows: Data as of December 2 shows that the U.S. spot Bitcoin ETF has net inflows, while the spot Ethereum ETF has net outflows, indicating a divergence in institutional preferences for the two.

· Medium-term Adjustment Pressure: From a longer monthly perspective, the market may still be in an adjustment phase, and the current rebound lacks solid support from a long-term trend.

1. Key Price Level Contest:

   · Bitcoin: Focus on whether it can hold above $93,000 and test the $95,000 - $95,070 area. The core support below is around $91,800.

   · Ethereum: The key point is whether it can effectively break through and hold above $3,100. If the breakout fails, it may retest support at $2,980 or $2,798.

For investors, the current market volatility brings both risks and opportunities. Cautious operations, reasonable asset allocation, and setting stop-losses are key to navigating the current market. Please remember that the cryptocurrency market is highly volatile, and investment decisions should be based on your own risk tolerance.

This article represents personal views only and is for reference only, not as a basis for actual operations. Market conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink