Today is December 2nd, the monthly closing has already concluded. Bitcoin is currently priced at $97,300, while Ethereum is reported at $3,740.
Overall, if Ethereum holds above 3700, it is expected to reach the 4000 mark, presenting an upward trend this month. The future high point trends are quite difficult to predict, as the path ahead seems shrouded in uncertainty. It is expected that Bitcoin will reach 100,800 and Ethereum 4140 by the end of this month.
Currently, market enthusiasm is gradually heating up. Whether we can welcome a strong rebound again in the future is still hard to conclude. Tomorrow is the weekly closing; last week closed with a bearish candle. We positioned a short at 98,800, and the low point rebounded around 90,600 for correction. Tomorrow will be clear, and we will find the right position to re-enter.
In the short term, we can see that the hourly level is currently in a rebound with the price approaching the upper range. In the early morning, we can consider entering with one lot at 97,800/98,300, but pay attention to the support at 96,600 below. It can be said that if it breaks below in one hour, the pullback force will mainly trend downwards, so aim for the target while observing support conditions to reduce positions. Because if it doesn’t break, it will rebound. Xiaocangduo can also take a gamble.
Ethereum can be seen as entering a compensatory rise stage before dawn, with the high point reaching 3745. Note that there is a 4-hour level pullback demand in the early morning, so for those chasing the long, be sure to manage risk well, but if it stands firm at 3700 in the later market, there is indeed hope to rise to 4100.