December 5 BTC/ETH Analysis:

Tonight's PCE will be the last straw determining market direction!

At 23:00 after the US session, the September Core PCE Index will be released, along with the annual inflation expectations that will determine the December interest rate cut. The market expects PCE at 2.8%. If it is higher than the target, it will weaken expectations of a rate cut and trigger panic selling. If it is lower than the target, it will help the market price recover!

BTC
A double top has formed on the daily chart, and the narrowing BOLL channel shows a clear consolidation pattern. Yesterday’s downward consolidation just dipped to the 9090 support before starting to rebound. During the day, pay attention to whether the four-hour candle can close above 9270 for a stronger rebound. Since the candlestick shows a bearish engulfing pattern with volume-price divergence, focus mainly on short positions. Watch for support at 8900-9090 and wait for a rebound.

Focus on the 9250-9300 range for short entries, target 9160-9080; if broken, look further down to 8900.

ETH
ETH is also in a consolidation box, unable to break up or down. During the day, pay attention to the 3180 level. Only if the four-hour candle closes above 3180 will it continue upward. For long positions, watch for rebounds at 3065-2970.

Focus on the 3168-3187 range for short entries, target 3110-3065; if broken, look further down to 2970.

Short-term trading should be flexible and defensive measures should be based on your actual position situation! $BTC #十二月行情展望