Evening Analysis and Trading Suggestions for Bitcoin and Ethereum on December 4

The current market shows strong upward momentum. On the 4-hour chart, after a period of consolidation, there has been a successful breakout to the upside. The price action has formed a clear double-bottom support structure below, with higher lows gradually established through multiple rounds of bottom building. This has solidified the market’s base and provided a strong foundation for further rebounds.

At present, the price continues to rise and has effectively reclaimed the middle band of the Bollinger Bands. The overall trend has returned to a bullish pattern. Recently, market volatility has increased significantly, indicating greater capital participation and heightened activity. After the previous deep correction, bullish strength has gradually accumulated and been released. Although there might be some short-term technical pullbacks, the overall uptrend remains intact.

For tonight’s trading, it is recommended to continue focusing on buying on dips as the main strategy. You can watch for entry opportunities near support areas during pullbacks. Be sure to strictly follow stop-loss rules, manage your position sizes reasonably, and practice sound risk management while tracking the trend to calmly handle market fluctuations. After consolidation, the market has regained its upward momentum, and the bullish trend is becoming increasingly clear, so actively watch for allocation opportunities as the trend continues.

Tonight, you can go long on Bitcoin around 92800, with a target of 95000. For Ethereum, you can go long around 3180, with a target of 3280.