Morning Analysis for December 4

Last night, the US stock market first dipped and then rebounded, with a general recovery in the final trading session. Meanwhile, mainstream digital asset prices pulled back after surging to new highs. Bitcoin peaked near 94,185, and Ethereum climbed as high as the 3,216 range. Both remain in a high-level trading range at present.

From a technical perspective, Bitcoin’s daily-level correction is basically complete, with a short-term low preliminarily confirmed and an overall healthy rebound trend. After stabilizing above the middle Bollinger Band on the daily chart, it saw two consecutive bullish candles, followed by a brief consolidation with a doji candle. The overall trend shows a slight breakout, with a short-term bullish bias, but a strong unidirectional move has yet to form. On the 4-hour chart, after bottoming out, the price saw a V-shaped rebound. If it can effectively break through the key 95,000 resistance level today, the bullish trend is expected to continue; otherwise, the market will likely maintain a slightly bullish, gradually rising pace. It is recommended to focus on long positions during pullbacks.

Trading Recommendations
Go long on a pullback to the 93,000-92,500 range, targeting 94,200-95,000. If it breaks through, continue to look for 96.
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