On December 3, 2024, at 9:23 AM, the analysis of BTC and ETH trends shows that there was a significant rebound in altcoins last night, particularly MOODENG, which performed exceptionally well, doubling in price and perfectly seizing this opportunity! In the current downtrend, searching for potential altcoins is indeed a good trading strategy.
Regarding BTC, the support levels to watch are 93500 and 91800, while there are currently no clear resistance levels provided. At present, BTC's trend has no apparent pressure levels, and the market is quite volatile, with key attention on the upper level of 97500. The technical indicators for 1-hour and 2-hour time frames this week are under repair, and a rebound is expected. The support range below is expected to be between 89500 and 91800, with a low likelihood of breaking this week, so there is no need for excessive concern for now. Overall, attention can be given to long opportunities after pullbacks, especially at previous high support levels.
For ETH, the current support levels are around 3545 and 3480, with resistance levels yet to be clearly defined. As BTC's technical indicators gradually recover, it is advisable to remain patient and wait for a clear market direction. Recently, one can continue to look for bullish opportunities based on technical indicators.
In terms of altcoins, the market shows a rhythm of alternating explosions, and it is recommended to pay more attention to trending altcoins. Once a trend that meets the indicators is identified, entry can be decisive. Currently, the market is generally in a correction state, and many are beginning to worry, while main funds often do not easily overlook such panic emotions. We should look for opportunities when others are afraid, using signals and stop-loss strategies to operate and maintain flexibility in response.
