Market analysis on the afternoon of December 2:
Although BTC was sucked by the Three Musketeers yesterday, the trend in the second half of the night was still strong and broke through new highs, reaching around 39,000. Although there has been a retracement, it is still oscillating at a high level until now. Judging from the current trend, it is only a matter of time before it breaks through 40,000.
Today, based on the four-hour line, it is currently oscillating at a high level. The upper pressure level is still around 39,000. If it can break through, it can see 42,000. The support below is quite stable. The first support is around 38,400, and the second support is around 38,000. According to the daily line, it is a concussive upward trend, but the strength of the increase is not obvious.
Recommended operation: wait until 38600 is firmly established and go long - near 42000. If 38600 is not firmly established, you can ambush long positions at the first and second supports.
ETH’s aunt went crazy this morning. Currently, it is still in an upward trend. The first support level below is around 2070, and the second support level is around 2600. If it stabilizes, we will still be bullish. The pressure level above is still looking at Near 2135.
