BTC/ETH Analysis for December 3:

Last night, before the US stock market opened, CZ posted that a new high would occur, and a series of positive news followed. First, the Federal Reserve ended its quantitative tightening policy. Next, the world’s second-largest investment company, Vanguard, allowed investments in spot crypto ETFs. Bank of America suggested allocating 1%-4% of assets to digital assets. This stream of major news boosted market sentiment and brought in capital, with the US money market scale surpassing $8 trillion for the first time!

Currently, technical indicators show a clear bullish signal. Moving averages are aligned in a bullish pattern with golden crosses, confirming the continuation of the trend. The price has broken above the daily mid-band resistance on strong volume, and has tested the strong resistance at 93,000 twice without breaking through. On the hourly chart, momentum is weakening and there is a need for a pullback. As long as the support at 90,600 holds during the day, the bullish pattern remains intact. Focus on buying on pullbacks.

Trade around 92,100-92,500, with a target of 93,500. If broken, look for 94,500-96,200.

ETH
Trade around the 3,006-3,025 range, with a target of 3,062. If broken, look for 3,120-3,178.

Short-term trading should remain flexible. Set your stop-losses based on your actual position size!
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