Bitcoin/Ethereum experienced a temporary pullback on December 5th; the strength of this pullback will be a key focus going forward.

Both Bitcoin and Ethereum experienced a sharp drop followed by a rapid rebound from last night to this morning, and are now back near key price levels where bulls and bears are battling it out. The first support levels given yesterday—90500-91000 for BTC and 3050-3100 for ETH— have been strongly responded to, with prices rising quickly after touching them, validating the effectiveness of the technical analysis.

The following is a detailed analysis of today's market trends and a suggested strategy.

[BTC Bitcoin Market Analysis]

Yesterday, BTC consolidated at a high level between 92,800 and 94,000 . In the evening, stimulated by the US initial jobless claims data, the price quickly dipped to a low of 90,842 before rebounding rapidly. Currently, it is consolidating around 92,000 .

Technical Structure Interpretation

• The upper resistance zone is 93,000–95,000. A breakout with significant volume would open up the potential to push towards 100,000 .
• First support: The 89500–90000 range is a crucial defensive zone for any short-term rebound;
• The second support level is the 88000–88500 range. If this level is broken, it could trigger a deeper correction.

Macroeconomic supporting factors

• Trump's proposed nomination of a crypto enthusiast as SEC chairman has injected positive expectations into the regulatory landscape.
• Expectations of a Federal Reserve rate cut are rising;
• Risk appetite has rebounded, and the overall macroeconomic environment provides bottom support for BTC.

Overall, BTC is currently in a key resistance zone, and there is a possibility of further pullback and correction in the short term.

[ETH Ethereum Market Analysis]

ETH's price action yesterday mirrored BTC's, but with greater volatility. After a rapid surge to 3240 during the day, it began consolidating. Later in the evening, it dipped below 3065 in tandem with BTC decline, before rebounding to 3190 and then facing further resistance and pulling back.

Key technical structural points

• The hourly RSI has rebounded from the oversold zone to the neutral zone, indicating that the short-term correction is complete.
• Key support levels: 3064 (low point) and 3100 (psychological level) ;
• Key resistance level: 3180–3220 range ;
• Strong resistance: Yesterday's high of 3240 .

Positive fundamentals

• Ethereum's Fusaka upgrade has boosted market discussion.
• The ETH ETF saw a net inflow of $180 million on December 1st;
• Institutional holdings exceeding $13 billion indicate a continued inflow of funds and a healthy long-term investment structure.

In the short term, ETH is also in a consolidation phase after its rebound was blocked, and the strength of the pullback still needs to be monitored.

【12.5 Operational Recommendations (Strategies for Reference Only)】

BTC (Bitcoin)

• The main target for short positions is around 92100-92500 . If the price breaks below 89500, then continue to watch the support zone at 88000-88500.

ETH (Ethereum)

• The primary target for short positions is 3170–3190 . If the price breaks below 3050 within the 3100–3050 range , further downside is expected towards lower support levels.

Risk Warning

Strategies are time-sensitive, and there may be a delay in article delivery. Market fluctuations are significant; please strictly adhere to stop-loss and take-profit orders, control your position size, and avoid over-leveraging and blindly chasing trends.