Xiang Li: December 5th Afternoon BTC & ETH Operations and Analysis



Currently, BTC continues to move steadily within the upward channel. The Bollinger Bands have slightly narrowed, but the overall trend remains upward, laying the foundation for another surge. The MACD indicator shows both lines running steadily above the zero axis in a strong region, but with a bearish crossover forming at high levels, there is a short-term possibility of a pullback. Selling pressure is gradually entering the market. Looking closer at the hourly chart, the KDJ indicator has a bullish crossover within the strong zone, and all three RSI lines are also trending upward, confirming the current momentum.

Today happens to be Friday, destined to be another extraordinary day. The narrowing of the Bollinger Bands suggests a significant upward move later. BTC has formed a strong support platform at 91,600. As long as this holds, we can enter in batches and first target 92,700, then 93,000. If it holds above these levels, the path to 95,000 will open up. ETH has strong support at 3,110. As long as it holds, we can also enter in batches, first watching 3,200, then 3,320. If it holds above these levels, the upward channel will also open, and 3,270 will be within reach.

BTC can be bought in the 92,000-92,500 range, targeting around 95,000.
ETH can be bought in the 3,140-3,170 range, targeting around 3,270.
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ETH0.52%
BTC0.08%
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