Xiang Li: December 6 Early Morning BTC & ETH Operations and Analysis



In the past two hours, the overall market situation hasn't changed much. BTC continues to consolidate around 89,500. Likewise, ETH is hovering around the 3,050 level without clear direction.
On the hourly chart, BTC is running closely along the EMA7 line, and the bearish crossover formed earlier this morning has not yet reversed, which sets the stage for further accelerated decline in the next phase. At the same time, trading volume is perfectly synchronized with BTC's downward movement, indicating that this round of decline is not just a technical pullback but a genuine trend downturn. Other indicators echo the bearish signal: MACD shows a bullish crossover below zero, KDJ's three lines are diverging downward, and RSI remains in the weak zone, all pointing to bearish momentum dominating the market.

Short-term downside momentum is still quite strong, so the early morning strategy remains to stick to selling on rallies!

BTC can be shorted in the 89,500-90,000 range, targeting around 88,000.
ETH can be shorted in the 3,020-3,050 range, targeting around 2,980.
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ETH3.1%
BTC1.3%
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