December 1 BTC/ETH analysis:

Is December welcoming a black opening? The big cake has fallen below 90,000.

This also aligns with the logic that a rate cut becoming a bearish signal. On November 28, domestic measures to curb virtual currency speculation were announced, followed by Trump’s failed negotiations with Venezuela. Shortly after, the Asia-Pacific early market announced an interest rate hike, triggering a wave of panic selling. Previously, it was emphasized that BTC needed to stabilize at the crucial position of 93000 for there to be a chance of reversal, and indeed, the early market experienced a waterfall decline on the weekly and monthly charts!

BTC
Currently, the small-level moving averages have formed a death cross, and the momentum continues to strengthen, breaking below the daily support. It is once again testing the midline of the monthly chart without any rebound strength. This sign will definitely lead to a second test of the previous low at 80600. The overall pattern has completely weakened, and the resistance for daytime rebounds is at 8830. As long as the rebound does not stabilize at this position, any rebound will just be a trap.

Consolidating around the 8740-8780 range, targeting a breakdown below 8560-8380 to look towards 8230.

ETH
Around the range of 2852-2876, the target is to look down to 2702 if 2785-2738 breaks.

Short-term trading is flexible and changes dynamically, with defense based on the actual situation of one's own position! $BTC $ETH #十二月降息预测