Mu Feng looks at the trend: 12.2 Bitcoin/Ethereum market analysis with operational suggestions.

After a sharp drop, BTC has a short-term recovery, but the structure has not reversed, and the market is still in a weak range.

Yueying: 12.2 Bitcoin Ethereum today's market analysis The rebound is an opportunity for a rise A new low is about to come

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12.2 The news of the Bank of Japan raising interest rates led to a significant drop in the financial markets, and Bitcoin mining profitability has fallen to a historical low, with the industry entering a phase of systemic profit compression.

Analyst Chen Shu: On December 2, Bitcoin and Ethereum rebounded after hitting a low, focusing on the resistance level of 8.8. Yesterday, long positions were profitable.

Short-term pullbacks provide opportunities to go long;

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The daily level has also closed with a large bearish candle. The EMA 7, 30, and 120-day moving averages are all in a bearish arrangement. However, it is important to be cautious as the daily level has already reached the lower Bollinger Band.

Master Chen 12.2: Yen interest rate hike, Federal Reserve interest rate cut. Is the market forming a head and shoulders top with Ethereum's death cross testing twice?

The cryptocurrency market faces a "Black Monday" setback, and the hope for Bitcoin to return above 90,000 seems bleak now?

The rebound is not a reversal; the main strategy on December 2 is still to focus on short positions!