#美SEC促进加密资产创新监管框架 December 6 Pre-market Observation: Technical Game Between BTC and ETH



Looking at the 4-hour chart, five consecutive red candles have dropped, and the trend looks a bit ugly. BTC has already fallen below both the EMA7 and EMA30 moving averages, and a death cross has formed during the decline—this is not a good signal, as it means there is more room for further downside. Looking at the MACD, the two lines crossed downward above the zero axis in the morning, and the fast line has already dropped below the zero axis. The market is shifting from strong to weak, with continuous selling pressure coming in, and the whole market is shrouded in pessimism.

Switching to the 1-hour chart, both KDJ and RSI showed signs of rebounding after bottoming out in the early morning, but neither has entered the strong zone yet. What’s the problem? Volume. A rebound without volume is just a castle in the air, and with market sentiment extremely pessimistic, many buyers are choosing to wait and see, not daring to enter the market.

So today’s morning strategy is very clear: follow the trend and go short, set up short positions on rebounds. Since it’s the weekend, don’t set too aggressive targets—adjust positions steadily and cautiously.

Trading recommendations:
$BTC Consider going short in the 89,000-89,500 range, target around 88,000
$ETH Set up short positions in the 3,020-3,040 range, target around 2,950

The market is telling stories, but technical indicators are telling the truth.
BTC-0.04%
ETH0.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)