#美SEC推动加密创新监管 Market observation notes on December 2nd at noon

The four-hour chart has been quite tangled recently—after the previous two bearish candles dropped down, today there's a small rebound, but to be honest, this rebound is rather weak. The bulls haven't been able to regain the territory they lost before; it feels more like a breather after a long decline, a technical pause. The moving averages are even more evident, with all periods pressing down, a typical bearish arrangement. Is it difficult for this weak rebound to reverse the downtrend on the four-hour chart?

Looking at the daily chart makes it clearer. Previously, there were three small bearish candles as a buildup, and yesterday we had a big bearish candle that pierced through the previous support. Now the price is almost touching the lower band of the Bollinger Bands. Although today the candlestick has a small lower shadow, indicating some support below, the overall bearish trend is already set in stone, and the short-term pressure is still there.

Personally, I tend to lean towards the strategy:
$BTC See if there is an opportunity to short around 87000, with the initial target at the 86000 level.
Pay attention to the position 2825, aim for 2775.

For reference only, risk is borne by the user.

BTC1.73%

ETH0.21%

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IntrovertMetaverse

· 6h ago

Can 87000 rebound? It feels like the long positions really have no strength left.

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NeonCollector

· 6h ago

Sigh, this Rebound really is just a joke, there's no strength at all. When will the long positions wake up? Are they still dreaming? It's going to crash again, the short positions arrangement is so obvious, it's only a matter of time before it returns to the lower band.

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PumpDoctrine

· 6h ago

With such a clear short positions arrangement, you still want a rebound? Are you dreaming, brother? The lower band of the Bollinger Bands is almost touching.

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LuckyBlindCat

· 6h ago

This rebound really has no strength, why are the long positions so weak. The short positions are set here, I don't believe BTC won't break 87000. It's just a technical breather, don't be fooled. ETH looking down at 2775, not a big issue. It’s always like this repeatedly, it's so annoying.

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NotFinancialAdviser