Xiang Li: BTC & ETH Operations and Analysis on the Evening of December 6
From the hourly chart, the three bands of the Bollinger Bands are moving down in sync, and the mouth of the bands is gradually narrowing. Price is continuously sticking close to the middle band, laying the foundation for further downward acceleration. A narrowing of the bands often signals a new move. On the MACD indicator, the two lines continue to run in the weak zone, and the underwater golden cross has not had an immediate effect. The overall market remains weak. Although buying orders continue to enter the market, when combined with trading volume, the actual amount entering is still low, with most participants remaining on the sidelines. On the RSI indicator, all three lines are steadily running in the weak zone. Although the three KDJ lines are currently in the strong zone, the death cross formed by the KD lines at the high position remains intact, and it's only a matter of time before they enter the weak zone.
All technical signals clearly indicate that bears are still in control of the market. For evening operations, it is advised to follow the trend and focus on shorting at the highs. At the same time, we need to pay close attention: BTC must first effectively break below the 88,700 first support, then break below the 88,000 level; if this happens, the possibility of further decline to the third target of 86,200 will increase significantly. For ETH, it must first effectively break below the 3,000 first support, and then break through 2,980; if so, the probability of moving down to the third target of 2,820 will greatly increase.
For BTC, you can short in the 89,000-89,500 range, targeting around 88,000. For ETH, you can short in the 3,020-3,040 range, targeting around 2,980. #成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50
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Xiang Li: BTC & ETH Operations and Analysis on the Evening of December 6
From the hourly chart, the three bands of the Bollinger Bands are moving down in sync, and the mouth of the bands is gradually narrowing. Price is continuously sticking close to the middle band, laying the foundation for further downward acceleration. A narrowing of the bands often signals a new move. On the MACD indicator, the two lines continue to run in the weak zone, and the underwater golden cross has not had an immediate effect. The overall market remains weak. Although buying orders continue to enter the market, when combined with trading volume, the actual amount entering is still low, with most participants remaining on the sidelines. On the RSI indicator, all three lines are steadily running in the weak zone. Although the three KDJ lines are currently in the strong zone, the death cross formed by the KD lines at the high position remains intact, and it's only a matter of time before they enter the weak zone.
All technical signals clearly indicate that bears are still in control of the market. For evening operations, it is advised to follow the trend and focus on shorting at the highs. At the same time, we need to pay close attention: BTC must first effectively break below the 88,700 first support, then break below the 88,000 level; if this happens, the possibility of further decline to the third target of 86,200 will increase significantly. For ETH, it must first effectively break below the 3,000 first support, and then break through 2,980; if so, the probability of moving down to the third target of 2,820 will greatly increase.
For BTC, you can short in the 89,000-89,500 range, targeting around 88,000.
For ETH, you can short in the 3,020-3,040 range, targeting around 2,980.
#成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50