#美联储重启降息步伐 Early morning market review on December 6: Short-term strategies for BTC and ETH

From the hourly chart, prices have broken through the lower Bollinger Band support, with all three bands moving downward and the opening gap widening, indicating an accelerated downtrend. The MACD lines are deeply entrenched in the weak zone, with bearish momentum bars continuing to expand, heavy selling pressure, and a gloomy market sentiment.

The KDJ and RSI indicators are even more straightforward. All three lines are arranged bearishly and have entered the oversold zone, with the decline happening too fast and short-term pessimism at its peak. On the other hand, oversold conditions often mean a technical rebound could occur at any moment. Switching to the 15-minute chart, KDJ and RSI have already started to turn up, showing early signs of a bullish counterattack.

Going long in such an extremely fearful market is indeed counterintuitive, but with extreme oversold conditions, it's also risky to chase shorts. During the early morning hours, the strategy still leans toward buying the dip, but avoid blindly chasing highs as current market volatility is too high.

**Trading references:**
- $BTC can consider entering long positions in the 88000-88500 range, targeting around 91000
- $ETH can consider building long positions in the 3100-3120 range, targeting around 3200

With renewed expectations of a Fed rate cut, the market is hopeful for improved liquidity, but short-term technical recovery will take time. Manage your position size and set proper stop-losses.