#ETH走势分析 Early Morning Market Review on December 6: Analysis of BTC and ETH Price Movements

From the hourly chart, the price has broken below the lower Bollinger Band support. All three bands are moving downward together and the gap continues to widen, indicating a clear acceleration in the downtrend. The MACD lines are deep in the bearish zone, with bearish momentum bars continuously increasing— with such heavy selling pressure, how can market sentiment not be depressed?

Looking at the KDJ and RSI, all three lines are arranged bearishly and heading straight toward the oversold zone. The drop is too steep, and short-term panic is at its peak. That said, what does oversold often mean? It often signals that a technical rebound window may be opening. Switching to the 15-minute timeframe, KDJ and RSI have already started to turn upward, showing signs of a bullish counterattack.

Talking about going long in this kind of panic market is indeed a bit counterintuitive. But with extremely oversold indicators in play, blindly shorting is not a wise choice either. The strategy for the early morning session is simple: look to go long on dips, but don't chase highs— current volatility is too erratic.

$BTC Watch for long opportunities in the 88,000-88,500 range, with a target around 91,000.
$ETH Consider going long around 3,100-3,120, targeting the 3,200 area.

That's how the market works— after extreme sentiment, opportunities are often hidden.