Summary and analysis of the market trends and operational ideas for Bitcoin (BTC) and Ethereum (ETH) on December 2:
Overall Trend Analysis
Recently, the price increase of Bitcoin and Ethereum has been mainly driven by enhanced investor confidence and capital support. With the continuous participation of institutional investors and listed companies, the market demand for Bitcoin has continued to rise, pushing the price upward. Although there was a significant drop at the end of the month, the price quickly rebounded again due to capital intervention.
Technical Analysis
Weekly: After four consecutive weekly gains, the week ended with a bearish candle with a long lower shadow, indicating strong support below. The Bollinger Bands are widening, and the coin price is operating above the upper band, showing a strong market trend. The KDJ lines are tightly aligned at high levels and pointing downwards, while the MACD lines have a golden cross pointing upwards but with slight volume contraction. The weekly indicators still lean towards a bullish outlook, but short-term pullback risks should be noted. Daily: The Bollinger Bands are trending upwards, with the coin price operating between the middle and upper bands, indicating that the market is in an upward trend. The KDJ lines have a golden cross pointing upwards, but the MACD lines show a death cross pointing downwards, and the volume indicators are relatively weak, suggesting that the market may face a short-term pullback.
Operational Ideas
Bitcoin (BTC): Short positions: Enter short when rebounding to the 98500-99000 range, with a stop-loss set above 99700, targeting around 97000-96500-96000. Long positions: Aggressive traders may enter long around 96000, while conservative traders may enter around 95000, with a stop-loss set near 94500, targeting around 97000-97500-98000, and if it breaks out, hold for 100000. Ethereum (ETH): Short positions: Enter short when rebounding to the 3750-3780 range, with a stop-loss set above 3800, targeting around 3660-3640-3600, and if it breaks out, hold based on the situation. Long positions: Aggressive traders may enter around 3600, while conservative traders may enter in the 3530-3560 range, with a stop-loss set near 3500, targeting around 3650-3700, and if it breaks out, look at 3730-3750.
Every pullback has seen capital intervention to protect the market, but there is uncertainty, and investors should proceed with caution. The capital inflow in November reached a historical high, but one should be wary of pullback trends caused by profit-taking. The flow of funds in the spot ETF market and changes in market trends require timely adjustments to operational strategies.
