From the perspective of the larger cycle structure, the position of 93,000 is clearly not the end point.
From a technical perspective, the range of 98,000 to 100,000 is a more reasonable target level. But the problem is that the current level of price consolidation is indeed quite intense.
Clearly, the support structure at the weekly level is intact, yet it undergoes a deep correction, followed by a rapid V-shaped reversal. This kind of trend is most likely to cause emotional instability among holders.
However, the core logic is still clear:
As long as the support at 84,000 on this weekly line is maintained, the bullish pattern will not be considered broken. The moving average system still maintains a divergent upward trend, and the overall trend has not changed.
It is recommended to be patient in operation.
Don't chase the price at high levels. Wait for the pullback to a suitable support area before positioning yourself, so you can more comfortably reap the profits from the main uptrend.
The rhythm of the market is fluctuation, consolidation, and then a rally. Stick to the discipline, and opportunities will naturally come.
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#ETH巨鲸增持 📊Market Observation on December 2
From the perspective of the larger cycle structure, the position of 93,000 is clearly not the end point.
From a technical perspective, the range of 98,000 to 100,000 is a more reasonable target level. But the problem is that the current level of price consolidation is indeed quite intense.
Clearly, the support structure at the weekly level is intact, yet it undergoes a deep correction, followed by a rapid V-shaped reversal. This kind of trend is most likely to cause emotional instability among holders.
However, the core logic is still clear:
As long as the support at 84,000 on this weekly line is maintained, the bullish pattern will not be considered broken. The moving average system still maintains a divergent upward trend, and the overall trend has not changed.
It is recommended to be patient in operation.
Don't chase the price at high levels. Wait for the pullback to a suitable support area before positioning yourself, so you can more comfortably reap the profits from the main uptrend.
The rhythm of the market is fluctuation, consolidation, and then a rally. Stick to the discipline, and opportunities will naturally come.
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