#ETH走势分析 Morning Market Observation on December 4

After the US stock market opened yesterday, it generally moved lower, but rallied back collectively during the early morning hours. $BTC surged to around 94,185 but couldn't break through, and $ETH also encountered obvious resistance at the 3,216 level.

Looking at the current trend, the BTC daily-level pullback is more or less over, with a short-term low already confirmed and a bullish rebound underway. After holding above the middle band of the Bollinger Bands, it posted two bullish candles, followed by a doji bearish candle for consolidation. The small timeframe has already broken out, showing short-term strength, but it's not yet an extremely strong unilateral trend. On the 4-hour chart, after bottoming out, the price made a nice V-shaped reversal. If we can break through the key 95,000 level today, a strong trend will be officially confirmed; if not, it will most likely remain in a relatively strong consolidation, advancing two steps and retreating one. From an operational perspective, it is recommended to wait for a pullback before entering long positions.

$BTC Consider going long on a pullback to the 93,000-92,600 range, targeting 94,300-95,500

$ETH If it pulls back to around 3,120-3,165, you can consider building long positions, targeting 3,250-3,300