Anyone who's been watching the market these past couple of days knows that all eyes are on the Federal Reserve. Trump said he’ll announce a new Fed chair candidate early next year to replace Powell. White House economic advisor Hassett is currently getting a lot of attention; he’s more dovish, so if he actually takes the position, looser policies might be in store, which would be good for crypto prices in the long run.

But don’t overthink it in the short term. International tensions are high, and several recent key speeches have kept market sentiment tight. Crypto prices have seen significant and rapid corrections over the past few days. At these levels, don’t get too attached to either long or short positions—there’s a high probability of a broad sweep and volatile shakeout, so be ready to rotate positions at key levels.

From a technical perspective, Bitcoin’s daily chart has shown consecutive bullish candles, making the short-term trend look strong. However, on the hourly chart, from 9:00 AM to noon on December 3, the candles were consolidating at the top, and bullish momentum was clearly weakening.

On the hourly chart, MACD is above the zero line, but the bullish bars are getting shorter, indicating waning upward momentum; on the daily chart, the MACD golden cross is still pointing up, showing some remaining strength. Hourly RSI is hovering around 72, nearing overbought territory—while there’s no clear pullback signal yet, caution is warranted; daily RSI continues to climb, so the trend is strong, but there’s always the risk of a sudden shakeout. As for moving averages, on the hourly chart, EMA7, 30, and 120 are in a bullish alignment, providing solid support; on the daily chart, EMAs are also bullish, with the medium- to long-term trend leaning positive, but watch out for pullback risks.

**Bitcoin Trading Strategy (December 3):**
- Consider short positions in the 94000–93200 range, with 96000 as a buffer for averaging up; keep stop losses within 1000 points, and target 91000–90000.
- If it pulls back to 89500–90500, you can try a long position, stop loss below 88500, targeting 92500–93500.

**Ethereum Trading Strategy (December 3):**
- Short in the 3150–3100 range, stop loss above 3200, target 3000–2960.
- If it retraces to 2950–3000, consider going long, stop loss below 2900, target 3080–3130.

These levels are for reference only; the market moves fast, so you’ll need to adjust your trades flexibly in real time. Manage your risk and don’t stubbornly hold onto positions.