Latest thoughts on BTC/ETH on Wednesday evening



We continue to hold a bearish stance during the day, with the 88000 level consistently failing to break through effectively. On the news front, there are rumors that the small days might introduce measures as early as December. Additionally, at 9:30 PM, the US will announce its employment data, which could serve as a catalyst, so we will continue to maintain a bearish outlook.

From the current perspective, although there is a demand for a rebound, the larger trend has not fundamentally changed, and the overall pattern remains consistent with the original tone. On the four-hour level, after touching the middle track of the Bollinger Bands, there is another rebound. The Bollinger Bands show a contracting pattern, and we are likely to encounter a directional choice window in the evening. I remind everyone to maintain good defense!

The hourly level is clearly in a noticeable fluctuation, with clear boundaries for support and resistance levels. However, it is not advisable to blindly follow the trend in the evening; it is better to wait for a breakthrough in the market conditions and then act accordingly, paying attention to the break of support and resistance levels!

BTC: 88200-89200 short, first look at 86000, then look at 85000.

ETH: 2970-3010 short, first look at 2860, then look at 2770.

Personal opinion, for reference only, not investment or financial advice!
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BTC-1.97%
ETH-3.51%
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