Xiang Li: December 4th Evening BTC and ETH Operations and Analysis


From the hourly chart, the Bollinger Bands are gradually narrowing, with the middle band still trending upward. BTC is currently operating within a downward range, which could be the calm before a surge. In the MACD, both lines are in the strong zone above the zero axis. Although there is an increase in selling momentum, the increment is limited. Meanwhile, in both KDJ and RSI, all three indicators are turning up from the weak area and forming a bullish alignment, indicating that a strong rally is likely in the short term. Looking closely at the 15-minute chart, KDJ and RSI have formed a golden cross and are diverging upward. With both volume and price moving up together, this also suggests that the current uptrend is very healthy and not just a brief technical rebound.

For BTC to move higher, it urgently needs to break and hold above the 93,500 level, which would provide a chance to test and break through 94,000. If this happens, a new intraday high could be set. For ETH, the first key is to break and hold above the initial defense line at 3,200, which would then open up the opportunity to break 3,220 and challenge the intraday high at 3,239. Therefore, this pullback of BTC has better paved the way for dip buyers.

BTC can go long in the 92,000-92,500 range, targeting around 94,000.
ETH can go long in the 3,120-3,150 range, targeting around 3,240.
#成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50
ETH2.69%
BTC1.97%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)