December 2nd: Afternoon Trading Recommendations and Future Trend Analysis for Bitcoin (BTC) and Ethereum (ETH)

The market continued its weak and volatile trend in the afternoon. Although there was some recovery after yesterday's sharp decline, the market is still in a bearish phase from a multi-timeframe perspective. The following is the latest market analysis and strategy reference.

[BTC Bitcoin Afternoon Market Analysis]

From a four-hour chart perspective, after a sharp decline, BTCfound temporary support around 83786 , subsequently correcting the downward trend with two green candle. However, the overall structure remains within a downward channel , with bearish momentum still in control.

Key points of the four-hour timeframe structure:

• The short-term moving average system is clearly in a bearish alignment, suppressing price increases;
• The Bollinger Band's middle line continues to move downwards, indicating that the market is in a weak consolidation phase after a decline , rather than a trend reversal.
• The key resistance area above is providing significant resistance, making it difficult for any rebound to break through.

One-hour performance:

• The Bollinger Bands are converging horizontally, indicating that the market has entered a narrow range of fluctuation and recovery .
• The candlestick chart is gradually rising with support at the lower trendline, and it appears to be testing the middle and upper trendlines.
• Although the MACD golden cross at a low level, the slope is gentle and the momentum is weak. It is still a technical rebound in a downtrend and does not have the significance of trend reversal.

Overall assessment:

The market remains bearish overall, with rebounds primarily serving as corrections and no clear trend reversal signals emerging. Afternoon trading is recommended to continue with a strategy of short on rallies .

[BTC Bitcoin Afternoon Trading Recommendations]

• The primary target range is 87200-87700 (high-altitude) . The recommended stop-loss level is 85500-85000 . Stop-loss should be set according to your individual risk tolerance.

[ETH Ethereum Afternoon Market Analysis]

Ethereum's overall trend is in sync with BTC, also exhibiting weak fluctuations and a downtrend. Rebound potential is limited, and selling pressure is evident.

• Short-term moving averages are in a bearish alignment, suppressing prices.
• The upward pressure is concentrated in the 2820-2850 area;
• The MACD golden cross is weak, and the momentum is limited.
• Overall, it is still a recovery rebound after the decline.

[ETH Ethereum Afternoon Trading Recommendations]

• Sell ​​lightly in the 2820-2850 range, with a target of 2750-2700 . Stop-loss: maintain reasonable control.

[Risk Warning]

Strategies are time-sensitive, and there may be a delay in article delivery. Market conditions change rapidly; it is essential to implement stop-loss and take-profit orders, control position size , and operate rationally.

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