$BTC $ETH Midday Analysis: Published at 13:03 on December 6

Yesterday’s long and short strategy was once again validated: in the afternoon, we suggested taking profits near 3100 after going south from around 3185. Later, we aimed for another short near 3174, but unfortunately, the target wasn’t reached. Subsequently, we recommended entering long positions in batches between 3045-2975 for a move north, which are currently being held. Be patient and just wait. Congratulations to the fans who followed! We advise everyone to learn more about Rui Ge’s trading principles. More educational content will be released as a benefit for everyone. If you like the host, give a follow and observe to see if it’s worth subscribing. Thank you for your support!

First, for BTC, this morning’s daily candle closed near 89288. The daily upward momentum is clearly insufficient and it has broken below the previously mentioned 90000 mark. If next week’s weekly close fails to stay above 94500, the subsequent trend will continue to be a downward consolidation. On the daily chart, focus on whether 91500 can be reclaimed above, and watch for support around 87500 below. This month, news of a rate hike in Japan caused market panic, but a 25 bp rate cut and balance sheet reduction in the US is imminent—the outcome is still uncertain. Please manage your positions and stop-losses carefully this month, as sharp swings with long wicks may occur. For BTC’s 4-hour chart, watch 91808-94657 above and 88406-85205 below. As weekend volatility is limited, range trading is advised. Both the overall trend and smaller timeframes are in a downward channel, so be cautious with longs. For weekend trading, focus on selling high and buying low between 88600-90758, with one-time risk control.

Second, for ETH, the daily candle closed at the 3020 level this morning. As mentioned yesterday, if next week’s weekly candle can close above 3100, the downtrend may end and spark a new round of rebound. The daily close did not reach the key 3000 level; for now, focus on support at 2950 below. If it breaks, ETH will test previous lows again. If it closes above 3130, the daily uptrend will continue to target the 3250 level. For the next 1-2 days, on the 4-hour chart, watch 3127-3274 above and 2961-2828 below. For the weekend, synchronize with BTC and focus on range trading. Suggested orders can be placed between 2988-3120 north and south, with one-time risk control. Position suggestions should not exceed 1%; these are personal opinions for reference only. The article is time-sensitive and does not provide real-time updates. Good luck to everyone!
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