There’s just one word for Bitcoin right now: consolidation. The sideways trend is very clear, and that long lower shadow on the 3rd actually revealed a signal—there's buying support below. The next two trading days saw consecutive gains, indicating market sentiment is recovering.
From a technical perspective, the 4-hour MACD is about to reach the zero axis. In this state, there's a high probability of continued short-term consolidation and digestion. So, for intraday trading, I'm more inclined to set up short positions at higher levels.
Specific trade reference:
$BTC You can consider shorting in the 92,800–92,500 range, targeting 91,200–90,000.
$ETH Around 3,190–3,160, you can also try short positions, with targets at 3,040–2,980.
In a range-bound market, the strategy is to trade the swings; don’t chase highs or lows.
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Anon32942
· 12-06 22:02
The word "grind" is spot on. Right now, I'm just waiting for a real breakout.
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ForeverBuyingDips
· 12-05 08:53
It's still the same old trick after all this back and forth. Let's wait and see if it drops a bit more.
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WalletsWatcher
· 12-05 03:40
Just keep grinding, we still need to ride this wave and profit.
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SnapshotDayLaborer
· 12-05 03:40
After such a long wait, there's finally some movement, but we still need to be cautious with this round.
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DegenWhisperer
· 12-05 03:22
After taking so long, I feel like something’s about to go wrong.
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RugPullAlertBot
· 12-05 03:20
Grinding endlessly, they're just chopping retail investors back and forth in this cycle.
#ETH走势分析 Early Market View for Today, December 5
There’s just one word for Bitcoin right now: consolidation. The sideways trend is very clear, and that long lower shadow on the 3rd actually revealed a signal—there's buying support below. The next two trading days saw consecutive gains, indicating market sentiment is recovering.
From a technical perspective, the 4-hour MACD is about to reach the zero axis. In this state, there's a high probability of continued short-term consolidation and digestion. So, for intraday trading, I'm more inclined to set up short positions at higher levels.
Specific trade reference:
$BTC You can consider shorting in the 92,800–92,500 range, targeting 91,200–90,000.
$ETH Around 3,190–3,160, you can also try short positions, with targets at 3,040–2,980.
In a range-bound market, the strategy is to trade the swings; don’t chase highs or lows.