#ETH走势分析 Morning session on December 6: BTC and ETH Technical Analysis

On the 4-hour chart, there have been five consecutive bearish candles, and the price has already fallen below the EMA7 and EMA30, forming a clear death cross pattern. With this trend, the probability of further downside is quite high. Looking at the MACD, after a bearish crossover above the zero axis earlier in the morning, the fast line has already dropped below the zero axis. The market is transitioning from strong to weak, selling pressure continues to flood in, and overall market sentiment is quite gloomy.

Switching to the hourly chart. Both KDJ and RSI rebounded after bottoming out at midnight, but neither managed to enter the bullish zone. From a technical perspective, this rebound seems weak. What’s the issue? Volume isn’t keeping up. Any rally without volume is just a castle in the air. Plus, market sentiment is too pessimistic, with many funds on the sidelines, hesitant to enter the market.

So what should you do now? Just go with the trend. The morning trading strategy is simple: short on rallies. Considering it’s the weekend, don’t set overly aggressive targets—play it safe.

BTC trading reference: Consider short positions in the 89,000-89,500 range, with an initial target at the 88,000 level.
ETH trading reference: Set up shorts in the 3,020-3,040 range, targeting around 2,950.

$BTC $ETH