#ETH走势分析 Midday Update on December 5: BTC & ETH Technical Analysis and Entry Reference

Bears are clearly weakening. There have been three consecutive bullish four-hour candles, and the 91800 level has been repeatedly tested as effective—every time the price drops here, there is buying support. This is a classic “unable to push down” market scenario. Although it doesn’t mean a big rally is imminent, it at least indicates that selling pressure has faded, and the market is shifting from a one-sided decline to a technical recovery phase.

Looking at the hourly chart, the signals are even more positive: after a bullish engulfing candle with a long lower wick, the price has steadily held above 91800. Each pullback’s low is also higher than the previous one, forming a clear short-term upward consolidation pattern. This shows that buying support at the bottom continues to build up, and bears have gone from active offense to passive defense. Overall, the trend is shifting from weak to stable, gradually transitioning into a stronger consolidation. The technical rebound logic remains intact, and it is likely that the stabilization and recovery rhythm will continue.

Midday trading strategy:
BTC: Consider going long near 91800, targeting 93500
ETH: Try going long around 3150, targeting 3250

$BTC