December 8 Market Analysis, BTC continues to consolidate in the short term and is still waiting for a pullback.

Daily share

Currently, BTC is still in the 15-minute level central consolidation. It is expected that after a relatively stable period, there will be a pullback, so be patient. As for altcoins, most cryptocurrencies are currently in a sideways movement, mainly observing BTC's actions. Some cryptocurrencies that haven't risen much before are still catching up.

BTC

Due to the rapid changes in the market, the article can only make predictions based on the market changes at the time of publication. Short-term players should pay attention to the latest market changes, which are merely for reference.

1H:

1h level, the current expectation is still in the process of a 1h level pullback, and it will retest near 91000 again later, followed by a second 1h rebound and a third 1h level decline. A low-probability scenario is that there might be another high point here, breaking below 104000, with the daily MACD forming a top divergence, and only then will it go through a 4h level pullback. This situation also needs to be considered; currently, as long as it does not break through 103000, it is still advisable to consider the direct pullback thought as shown in the above graph.

Overall, it has definitely shifted from a one-sided rise to a consolidation, so the next wave of trend-based rise will still require some time, not so fast.

15M:

At the 15-minute level, it is currently still in the middle of a consolidation, and without breaking through 103000, it is preferable to consider that there may still be another 1h level decline retesting near 91000.

ETH

Currently, ETH has actually completed a 1h level pullback, as shown in the above graph. At the 15-minute level, it has produced downward moves, with three moves down and up. Currently, as long as the short-term 15-minute rebound does not break through 4030 again, there will be a further downward extension of a central segment departure. If it breaks through 4030 again, then it should be noted that there may be a new 1h level rise. If it falls below 3900, pay attention to around 3720. If it breaks through 4030, pay attention to around 4120 above.

Trend direction

Weekly level: direction upward, currently undergoing a new weekly level rise, with an overall target looking above 150000.

Daily level: direction upward, the daily level rise is expected to reach around 120000.

4-hour level: direction downward, it is very likely that the 4h level rebound has already ended here, and in the near term, we should look for a pullback.

1-hour level: direction downward, currently in a 1h level decline, expected to retest around 90000.

15-minute level: direction upward or consolidation, in the short term, as long as the 15-minute level does not break through 103000, there is still a possibility to pull back again.