Market analysis on the afternoon of December 1:
According to the market trend of BTC last night and this morning, the market seems to have formed an upward trend. However, based on the current four-hour and daily analysis, there is a resistance near 38500-38700. Since this resistance is difficult to break through, it has affected the market. Its upward trend is very likely to pull back. If it pulls back, we can look at the support level below. The first support level can be placed near 37800 above the moving average. If it falls below, we will see the second support level near 37100.
Recommended operation: If it rises to near the 38500 pressure level, you can go short 37800-37100
ETH is slightly stronger than BTC according to the market trend in the afternoon, but it is also rising greatly with the rise of the market. At present, it is not suitable to chase higher. Although it may break through 2135 and set a new high, it is recommended to wait until it retreats to around 2030. Take long
Recommended operation: The upper pressure level is 2135-2200, and you can wait for the callback to the support level of 2030 to go long.
