#数字货币市场回调 Review of the late night on December 2: Analysis of the one-sided pump in BTC/ETH market

Today's trend is quite interesting—during the day it was so horizontal it made people drowsy, but suddenly in the evening it exploded. BTC soared from the resistance level of 83786 all the way up to 91200, now stabilizing at the round number of 91000 to catch its breath. ETH hasn't been idle either, starting from 2718 and directly rushing to 3026, currently testing around 3000 back and forth. In the afternoon, both bulls and bears had opportunities, I decisively took two positions and captured a total of 1573 points of space.

Actually, I have been keeping an eye on those two key levels since the morning - BTC's 87500 and ETH's 2850. As long as they break through and hold, the price will definitely continue to seek resistance upwards. It seems that the breakthrough of these two levels has indeed become a turning point in today's market.

Looking at the 4-hour chart, the Bollinger Bands have changed from a downward squeeze to an upward opening, and the middle band has also started to turn from a flat position. The short-term downward channel has been completely reversed. The MACD has crossed above the zero line, indicating that buying funds are continuously entering the market, and the rebound strength is still accumulating. The KDJ's J line has directly entered the overbought zone, indicating a very excited bullish sentiment in the short term. The most crucial point is that the trading volume has increased along with the price, showing a beautiful synergy between volume and price—this kind of rise is solid, not that kind of hollow technical pullback.

Since the structure has turned into a bullish pattern, the thinking during this early morning period is very clear: buy on every dip!

Operation Reference:
BTC: Buy in the range of 90500-91000, looking at 93000
ETH: Buy in the range of 2970-3000, aiming for 3100

$BTC $ETH