December 7th Morning BTC/ETH Market Analysis
BTC and ETH are overall in a fluctuating bearish pattern, with the core logic being the imbalance in long and short positions and key resistance suppression: On the BTC side, although the expectation of a Federal Reserve interest rate cut provides liquidity support, the continuous outflow of ETF funds and the decoupling from traditional assets lead to weak buying interest. The resistance zone of $93,000-$95,000 has repeatedly blocked rebounds, and the 15-day and 20-day moving averages show a bearish trend. After falling below the $90,000 mark yesterday, the recovery momentum is insufficient; while ETH has fundamental support from network upgrades, it is highly correlated with BTC, facing significant pressure above $3,200, and has not broken through the short-term consolidation range, lacking sustained rebound momentum. In the short term, it is crucial to pay attention to the defense of key support levels. Before a significant breakout occurs, the risk of further downward fluctuation is higher.
Operational Suggestions: BTC can be traded around 89,700-90,200 with a target near 88,500.
ETH can be traded around 3,050-3,070 with a target near 3,000.
