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Midday Bitcoin and Ethereum Trading Suggestions and Direction for December 6
From the current market situation, the 1-hour chart shows a volatile downward trend. The Bollinger Bands are opening downward, and the price is running near the lower band. The upper resistance is at the 90,000 level, while the lower band at 87,900 is a key short-term support. If it breaks below, it may test the round number level. During the decline, trading volume has not significantly increased. Although the bearish momentum has paused somewhat, the rebound is even weaker. This rebound is a stage adjustment to the market after continuous declines. Overall, it is still in a downward trend. On Saturday, it may enter a narrow range consolidation in preparation for a trend breakout. Therefore, midday trading suggestions are mainly to short on rebounds.
BTC can be shorted around 89,300–90,000; watch 87,000
ETH can be shorted around 3,020–3,050; watch 2,920 #BTC #ETH