#ETH巨鲸增持 Market Observation on December 1 Afternoon

The short position established near $BTC 87445 during the early session exited in the 86650 range, making a small profit. Currently, from the 1-hour trend perspective, the Bollinger Bands continue to open downwards, with the middle and upper bands moving down simultaneously, indicating that bearish forces dominate the short-term market. Whether the 85500 position can form effective support still needs further verification.

From the perspective of candlestick patterns, during the decline, large bearish candles dominate, while small bullish candles and doji candles alternate during rebounds, indicating that bears have the upper hand in the battle between bulls and bears. The trading volume has not significantly increased, indicating that the bullish rebound momentum is clearly insufficient. In the afternoon, it is highly likely that this weak pattern will continue, and the main strategy should remain to short on rebounds.

Specific point reference:
You can pay attention to the rebound short-selling opportunity in the range of 86000-86500 for BTC, with the lower target looking towards 85000.
$ETH can be arranged around 2820-2850, with a target looking at the 2750 line.