On December 5th, #美SEC促进加密资产创新监管框架 , will BTC and ETH give us a Black Friday?

To be honest, this market is just frustrating right now. The trend is unclear—when prices drop, you can’t help but want to buy the dip; when they rise, it’s hard to let go and cut your losses. Whether you’re buying, selling, or holding, it all comes down to whether you can keep your composure.

Looking at the charts over the past couple of days, you’ll notice that price fluctuations are getting narrower. Before, swings of several thousand points were common, but now it’s obviously not as dramatic. The tug-of-war between bulls and bears is nearing its end, and the trading range is tightening.

The rhythm hasn’t really changed: weak and choppy during the Asian and European sessions, then a sudden move before and after the US session, but it can’t hold onto gains by the close. This kind of price action gives both bulls and bears about the same opportunities. Trending markets are about courage; in choppy markets, it’s all about entry points. Right now, the 89,000 to 93,000 range is getting churned over and over, as the market waits for the December Fed rate cut decision.

As for specific strategies? $BTC can consider trying short positions in the 92,600–93,000 range, targeting around 91,000 first. If it breaks below 90,700, look for 89,500. However, if 90,700 holds, you can consider going long around there. $ETH follows a similar logic—just follow BTC’s lead.