#ETH走势分析 12月1日midday observation: BTC/ETH market review and ideas sharing

Hello everyone, let's talk about the recent market trends.

The recent pullback of Bitcoin and Ethereum actually had early signs. Do you remember that time on November 24? It was repeatedly reminded back then—there was no strength in the rebound, and the $93,000 barrier was breached multiple times, indicating that the bulls were already quite tired. While the market seemed to be consolidating on the surface, a weak structure had been brewing all along, and a downward movement was highly probable.

As expected, the price was directly knocked down from above $91,000, hitting a low around $85,500. This is a typical movement of a top divergence combined with a key level breakdown; it's not a black swan event, just a technical adjustment that was due.

There are several overlapping reasons behind this decline:

At the macro level, the signals recently released by the Federal Reserve are relatively strong, and market expectations for interest rate cuts have clearly cooled. Global risk assets are under pressure, and the cryptocurrency market is naturally affected as well. In terms of the internal environment, liquidity continues to tighten, with large funds clearly in a wait-and-see mode. When bulls try to push prices higher, they find that the buying strength is simply insufficient, lacking incremental funds.

The technical aspect is more direct— the resistance level at $93080 is pressing down hard, and the longer it consolidates, the more it proves that it cannot break through. Once the key support at $90000 is directly pierced by a bearish candle, the downward channel will be completely opened, and now the bears are fully in control.

The overall rhythm is very clear: the rebound is weak, the resistance level is obviously suppressing, and after breaking down, it accelerates the decline.

The core idea of operation is still to follow the trend. At this stage, it is not advisable to blindly bottom-fish and go long, nor to aggressively chase shorts. The key is to move with the market rhythm; seizing the right timing is much more reliable than making arbitrary guesses about the top and bottom.

Specific suggestions refer to:

You can consider looking for opportunities to short in the range of 86800-87600 USD, targeting the area around 85600-84600 USD.

It is recommended to place short positions in the range of 2850-2900 USD, targeting the range of 2800-2750 USD.

The market is still in an adjustment cycle; be patient and wait for clearer signals before making decisions.