December 4th Morning Thoughts:

Bitcoin rebounded after a dip yesterday, completing a big V reversal. Currently, it is stabilizing and trending upwards; the short-term expectation is that the bullish trend will continue. This is the nature of the market at this stage; washing out positions is normal, but as long as the direction is clear, it is evident. Continuing the downward trend in the evening, after reaching the lowest point around 93620, the bulls formed a fluctuation recovery, moving step by step. In the early morning, it recovered to above 96000. After the downward spike last night, the bulls quickly provided recovery space, and now, after warming up, it is again in a fluctuating pattern. All recent rebounds have been accompanied by adjustments or spikes. Corrections are a process of accumulating energy; after effectively building a new support platform, a new rise can be initiated. All the consolidation actions surrounding the current situation are moving laterally within a predetermined range, using time to exchange for space to accumulate energy for upward movement. Next, it is recommended to maintain a dip-buying strategy for short positions!

You can buy Bitcoin in the range of 95300-94800, targeting around 97500;

You can buy Ethereum in the range of 3580-3550, targeting around 3750.

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