Morning of December 3rd

Reference

Bitcoin: Buy near the low range of 95000-94500, target around 97000.

At high levels around 97000, consolidate and consider light short positions.

Ethereum: Buy between 3550-3590, target around 3750.

Currently, trading volume is significantly decreasing, but market sentiment remains quite active. Both bulls and bears are fiercely competing, with the spikes up and down being the best evidence. The 4-hour chart has formed a longer lower shadow candle, indicating there is still considerable pressure below. Now, another doji has formed, suggesting the market will be very intense in the future. This morning, we will first buy and then short. Based on market feedback, we will follow the trend as soon as there are clear signals.

Last night, Bitcoin's price rebounded to around 97400 and then continuously spiked downwards, with the low reaching 94400 before stopping the decline and fluctuating back up. Today's support level is at 94500, with resistance at 97500. If the resistance is not broken, continue to buy low for short-term trades. Observe the situation at high levels; if it breaks upwards, chase it; if not, consider shorting, and always maintain a defensive strategy.

For Ethereum, the intraday low is around 3550. I have repeatedly reminded that this low is an opportunity to enter the market. Just hold on, and there’s no need to panic over pullbacks. The overall trend still remains bullish.