#美SEC促进加密资产创新监管框架 Early Morning Market Interpretation on December 6: Short-term Strategies for BTC and ETH
The hourly chart shows that the price has broken below the lower Bollinger Band, with all three bands trending downward and expanding. This drop has been sharp and sudden. The MACD lines are deep in the bearish zone, with the bearish momentum bars continuously increasing, indicating significant selling pressure. Overall, market sentiment is quite pessimistic.
KDJ and RSI have both entered oversold territory, with a clear bearish arrangement. The decline has been too rapid, leading to strong short-term pessimism. However, oversold conditions often signal the potential for a technical rebound. Looking at the 15-minute chart, both KDJ and RSI are showing signs of turning upward, suggesting that the bulls may be preparing a counterattack.
Going long in such a panic-driven moment does take courage. But extreme oversold conditions also make it risky to chase the downside. The early morning trading recommendation is to consider building long positions on dips, but avoid blindly chasing highs, as volatility is currently very high.
Specific strategies: BTC: Consider long positions in the 88000-88500 range, with a target around 91000 ETH: Consider entering in the 3100-3120 range, targeting the 3200 area
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PumpingCroissant
· 15h ago
This wave of sharp decline is really insane, the opportunity for an oversold rebound is indeed tempting.
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probably_nothing_anon
· 16h ago
The oversold rebound is here again. I'm very familiar with this pattern, so I'll wait a bit longer before getting in.
View OriginalReply0
DegenApeSurfer
· 16h ago
It's an oversold rebound. Those who dared to bottom fish this time are real tough guys.
View OriginalReply0
AirdropATM
· 16h ago
After this wave in the early morning, an oversold rebound is indeed coming. There are still opportunities to buy on dips.
#美SEC促进加密资产创新监管框架 Early Morning Market Interpretation on December 6: Short-term Strategies for BTC and ETH
The hourly chart shows that the price has broken below the lower Bollinger Band, with all three bands trending downward and expanding. This drop has been sharp and sudden. The MACD lines are deep in the bearish zone, with the bearish momentum bars continuously increasing, indicating significant selling pressure. Overall, market sentiment is quite pessimistic.
KDJ and RSI have both entered oversold territory, with a clear bearish arrangement. The decline has been too rapid, leading to strong short-term pessimism. However, oversold conditions often signal the potential for a technical rebound. Looking at the 15-minute chart, both KDJ and RSI are showing signs of turning upward, suggesting that the bulls may be preparing a counterattack.
Going long in such a panic-driven moment does take courage. But extreme oversold conditions also make it risky to chase the downside. The early morning trading recommendation is to consider building long positions on dips, but avoid blindly chasing highs, as volatility is currently very high.
Specific strategies:
BTC: Consider long positions in the 88000-88500 range, with a target around 91000
ETH: Consider entering in the 3100-3120 range, targeting the 3200 area
$BTC $ETH
The market changes rapidly; pay attention to risk control and set strict stop-losses.