Shorting at a high position

The valuation of Ethereum should revert to its essence, using its network fee income as the basis for value.

Bitcoin Evening Market Analysis: Can a Strong Rebound Change the Overall Downward Trend?

Bitcoin experienced a significant rebound today in the early hours, driven by positive news from the Pioneer Group, resulting in a surge in trading volume.

Market Analysis

Yueying: Analysis of Bitcoin and Ethereum market today at 12.3. Be cautious of another plunge if key resistance is not broken.

Is Bitcoin at the bottom? Let's clarify three major questions at once: bottoming conditions, rebound targets, and long-term direction.

12.3 Bitcoin rebounded by 10% in one day, and American banks allow wealth advisors to recommend clients allocate up to 4% of their assets to Bitcoin.

The short-term bulls are strong, continue to go long;

Analyst Chen Shu: On December 3, Bitcoin and Ethereum bulls broke through, focusing on the stability of the breakthrough at 9.4.

Analysis

It is recommended to enter long positions around the 3010-2990 area for Ethereum on a pullback, with a target of 3150-3170. If it breaks, look for around 3190; if it doesn't break, consider shorting. Manage your own profits.

The highest market attention recently is still on the Federal Reserve's movements. President Trump plans to announce the candidate to replace Powell as the Chairman of the Federal Reserve early next year, with White House economic advisor Hassett.