#ETH走势分析 December 5th midday market watch: $BTC and $ETH trend breakdown

Starting with BTC, the current price is stuck around 91969.63. For the past few days, it's been grinding downward with small candlestick bodies, indicating that the market is very indecisive right now.

To the upside, there's clear resistance at the 92358.03 high; to the downside, 91905.83 is a support level. At the moment, it's just oscillating within this narrow range.

What about the technicals?

MACD is currently below the zero line, with sellers in control, so the short-term weakness is basically confirmed. RSI is at 43.62, not yet in the oversold area, but it's trending down, so there's potential for further pullback. EMA7 has crossed below EMA30, forming a death cross and confirming the downtrend. However, the price is approaching EMA120, which is worth watching as it could act as support.

My take on trading:
BTC can be shorted in the 92100-92300 range, with targets at 91600 to 91100.
For ETH, short in the 3180-3195 range, with targets at 3130-3080.

Of course, the market can change quickly, so be sure to manage your positions carefully.