The price of Bitcoin slightly fell in the early session, but quickly rebounded, directly approaching 97,000, clearing out those large short positions. The short-term market is showing a frequent back-and-forth trend between bulls and bears, and both sides are facing a critical moment of choosing a direction, with intense competition for mid-term and short-term direction. In terms of operation, it is recommended to base decisions on the current situation and follow the market trend. Currently, the large-range triangular wedge consolidation on the market is very obvious, and the short-term trend of bulls and bears going back and forth does not have continuity. If there is no movement tonight, the monthly line will end flat, and if it closes up again when entering December, it will definitely break through 100,000 USD. For the short term, prices should wait for volume and key levels to be reached before entering the market.
In terms of Ethereum, after stabilizing around 3537, the price began to rebound, and is currently oscillating around 3580. The daily line has shown three bullish candles at the bottom, and is now entering the angle zone between moving averages, with the short-term moving average turning upward and the mid-term moving average still below. The short term may be accompanied by a corrective consolidation or a slight peak and pullback for confirmation. However, the daily trend has formed a small level bottom reversal. Ethereum is currently at a critical technical and market moment. After breaking through 3750, the market may test 4000 USD, along with the liquidation of a large number of short positions, which will drive the price of Ethereum up. However, due to the high sensitivity of market sentiment, investors should remain cautious, avoid chasing highs, and pay attention to market pullback signals. As Ethereum approaches these key price levels, market volatility will increase, and risk management should be noted during operations. #BTC☀ $BTC #ETH🔥🔥🔥🔥