Market observation on the evening of December 1, #数字货币市场回调

BTC has been quite volatile today. It dropped from above $90,000 in the morning, hitting a low below $87,000, and is now basically hovering around the $86,500 position.

Looking at the 4-hour chart, two consecutive bearish candles have pressed the price down firmly. Overall, it is still operating above the middle band of the Bollinger Bands, but it is clearly struggling to hold. Last week, when the price surged to the upper band of the Bollinger Bands, many people thought it would break through, but it ended up retreating and turning back down. With the current situation, it is highly likely that it will continue to test the middle band. Once it breaks below the middle band? It won't be a small matter; a new round of downward cycle may begin, and the space below will be completely opened up.

Therefore, strategically, it is now more suitable to wait for a rebound to find an opportunity to short.

Specific point reference:
BTC: Consider placing short positions in the range of 86700-86900, looking towards around 85000.
ETH: Shorting can also be done in the 2870-2890 range, with a target around 2780.