Zhou Yanling: December 4 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The price has rebounded and even exceeded the previous high point of the decline, but so what? What is the significance of this rise? Will there be a major washout in the short term to clear out the long positions accumulated during the week? If there is another significant drop to a new low after a bottom is established, what then? Even though the decline has been recovered, this is not the normal market performance. In Yanling's view, it seems more like a short-term peak, because no matter how many times it fluctuates, it ultimately falls back into a sideways consolidation. If this wave is indeed the start of a bull market, then this consolidation won't last too long; either it will rise again before Friday night, or if it can't break through, it will drop sharply again. In the short to medium term, 90,000 has become the key dividing line for bulls and bears, so the strength of this support should be closely monitored in the coming days.
Currently, from the technical indicators on the chart, the daily level for Bitcoin shows that the price has quickly rebounded from the low of around 83,800 on December 1 to the high of around 94,150 on December 3, and is now in a phase of oscillation and adjustment. On the hourly level, a short-term support has formed around 93,000, but there is significant pressure in the 94,000 area above. The hourly MACD histogram continues to shrink, with the DIF and DEA converging downwards, indicating weakened momentum in the short term; the daily level is still in a bullish range but shows signs of a top divergence. The hourly RSI is at 53.57, in a neutral to strong area, not entering overbought or oversold zones; the daily RSI has gradually fallen from a previous high of above 65 to around 56 now. The hourly EMA7 is close to the current price, indicating a clear short-term resistance; EMA30 provides some support. The daily EMA120 remains effective as long-term trend support, but attention should be paid to the strength of this position; if it breaks down, bears may sweep in again.
Zhou Yanling's December 4 Bitcoin Trading Strategy:
Short at 94,000-93,200, reserving space to add positions at 96,000, with a stop loss of 1,000 points, target 91,000-90,000.
Long at 89,700-90,700, with a stop loss below 88,700, target 92,500-93,500.
Zhou Yanling's December 4 Ethereum Trading Strategy:
Short at 3,280-3,240, with a stop loss above 3,330, target 3,120-3,080.
Long at 3,050-3,090, with a stop loss below 3,000, target 3,160-3,200.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in market investment research in the cryptocurrency space for over ten years, currently mainly 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, he excels in combining technical and news-based operations, focusing on capital management and risk control. His trading style is steady and decisive, recognized by many investment friends for his easygoing and responsible character combined with sharp and decisive operations.
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