December 1st Silk Road Analysis:

The market is unstable on Sunday, and today we need to cautiously respond to possible downward trends. Recently, the market has shown excessive digestion after a significant rise, and the rebound has not solidified at the 97,000 point level, indicating insufficient momentum. Referring to last week's trend, there is still a possibility of continuing the historical trend today.

The Ethereum market is highly volatile, with chaotic performance over the weekend and clear signs of position washing, making excessive bullishness inadvisable. Facing pressure at the 3,750 point level, with support at the 3,460 point level, market fluctuations may suddenly intensify, and it is necessary to stop losses promptly when touching the resistance level. At the same time, opportunities for entry can be sought at the 3,700 range, expecting bearish trends.

In today's operations, 97,500 serves as the dividing line, with strong resistance around 98,500. If reached, one should be cautious of the risk of decline; if the market adjusts significantly, it is expected to potentially drop to around 93,500. $BTC $ETH #比特币行情