#数字货币市场回调 Interpretation of BTC and ETH trends on the afternoon of December 2

Did you think that long lower shadow line yesterday meant the bulls were going to fight back? Wake up. The subsequent small upward candles are weak rebounds, this is the true nature of the market - a typical continuation pattern in a downtrend. The bears are just taking a breather, and the next wave of selling could come at any time.

What should I do now? Short at highs, this is the only idea.

Focus on the position of the EMA30 moving average. Once the price rebounds and fails to move higher, it's an excellent entry point for short positions. Remember, set your stop-loss above the recent rebound high; don't take chances. When can we consider going long? Only when the market truly stabilizes—such as when there is a strong signal, like a significant volume breakout above multiple moving averages or the MACD crossing above the zero axis. Until such signals appear, all upward movements are just rebounds, not reversals.

In simple terms, the current market is dominated by bears. This rebound? The structure is loose, the strength is insufficient, and there are moving averages pressing down from above. Don't treat it as the starting point of a new bull market; this is just a common consolidation action within a bearish trend, intended to provide a better entry point for the subsequent decline.

For specific operations, refer to:

You can set a short position near 87500 for Bitcoin, with a target looking towards 85500.

Pay attention to the shorting opportunity at the position of 2830 for Ethereum, with a target of 2720.

$ETH $BTC