The latest thoughts on BTC/ETH for Tuesday daytime.

Last night, BTC and ETH opened low following the U.S. stock market, breaking below 840,000. We exited our short positions with profits. Subsequently, with the U.S. stock market fluctuating upward, there is good room for long positions. Both during the day and night of the first day of December had highlights, and we are starting a new journey!

First, looking at the daily chart, it shows a descending wave pattern. After three consecutive small bearish candles build a downward base, a large bearish candle accelerates the decline, directly approaching the lower Bollinger Band area. Although there are slight lower shadows during the day, indicating weak support at lower levels, the overall pattern of daily candles closing bearish has basically taken shape.

Looking at the four-hour chart, after two consecutive bearish candles, there was a brief rebound. However, due to the continued weakness of the bulls, it has failed to achieve a substantial recovery of the previous losses. From the nature of the movement, the current rebound leans more towards a technical correction within the downward trend, with weak rebound strength and a lack of sustainability. In terms of the moving average system, all period moving averages remain arranged in a downward diverging pattern, and the bear-dominated structure has not changed. In the short term, relying solely on weak rebounds is insufficient to reverse the downward rhythm at the four-hour level.

BTC: Short near 87000, look at around 85500;
Short near 2835 for ETH, look for 2735.

Personal opinion, for reference only, not investment advice!

#BTC #ETH #成长值抽奖赢iPhone17和周边 #十二月行情展望 #GIGGLE和PIPPIN强势上涨