Xiang Li: December 5th Evening BTC and ETH Operations and Analysis
Currently, BTC is hovering near the middle band, and the downward movement in the afternoon has indeed intensified bearish sentiment in the market. BTC has slightly rebounded to around 91,300 for consolidation, and ETH is also hovering around the 3,130 level.
Looking at the 4-hour chart, the downward movement in the afternoon did not cause the Bollinger Bands to widen; they are still steadily narrowing. Therefore, we can interpret this BTC pullback as a short-term technical correction rather than a true downward trend, providing entry conditions for the next strong rally. After all, in the MACD indicator, the double lines are still running in the strong zone above the zero axis. Although the bearish momentum bars continue to increase, the J value in the KDJ indicator has already entered the oversold area ahead of time. Market bearish sentiment is extremely high, which also brings the possibility of a strong BTC rally. Looking closer at the hourly chart, the upward trend in both the KDJ and RSI indicators is becoming more obvious.
For evening operations, the main strategy is to go long. Those willing to go long can continue to wait for the right entry opportunity. Key support and resistance levels have already been mentioned in the afternoon strategy and won't be repeated here. In short, after hitting bottom, a strong rebound is inevitable. Seeking profit in risky situations is the way to maximize returns; always pursuing stability is clearly not suitable for the current market.
BTC can go long in the 91,000–91,500 range, with a target around 93,000. ETH can go long in the 3,120–3,150 range, with a target around 3,320.
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Xiang Li: December 5th Evening BTC and ETH Operations and Analysis
Currently, BTC is hovering near the middle band, and the downward movement in the afternoon has indeed intensified bearish sentiment in the market. BTC has slightly rebounded to around 91,300 for consolidation, and ETH is also hovering around the 3,130 level.
Looking at the 4-hour chart, the downward movement in the afternoon did not cause the Bollinger Bands to widen; they are still steadily narrowing. Therefore, we can interpret this BTC pullback as a short-term technical correction rather than a true downward trend, providing entry conditions for the next strong rally. After all, in the MACD indicator, the double lines are still running in the strong zone above the zero axis. Although the bearish momentum bars continue to increase, the J value in the KDJ indicator has already entered the oversold area ahead of time. Market bearish sentiment is extremely high, which also brings the possibility of a strong BTC rally. Looking closer at the hourly chart, the upward trend in both the KDJ and RSI indicators is becoming more obvious.
For evening operations, the main strategy is to go long. Those willing to go long can continue to wait for the right entry opportunity. Key support and resistance levels have already been mentioned in the afternoon strategy and won't be repeated here. In short, after hitting bottom, a strong rebound is inevitable. Seeking profit in risky situations is the way to maximize returns; always pursuing stability is clearly not suitable for the current market.
BTC can go long in the 91,000–91,500 range, with a target around 93,000.
ETH can go long in the 3,120–3,150 range, with a target around 3,320.
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