Technical Analysis: Bitcoin:
In November, the monthly line closed with a long bullish candle with a shadow exceeding 3000 points, an increase of nearly 37%, with a total increase of 26000 points.
The monthly line has achieved three consecutive bullish candles, but the trading volume has significantly expanded, indicating that the market potential has not yet been fully released, and there is still a possibility of further increases in December.
From the daily line perspective, the current K-line is located above the moving average, and the moving average shows an upward turning shape, but the resistance at the upper box level of 98500 points is still evident, and this level must be broken to open up new upward space. The 4-hour line shows that after reaching a new high, it has rebounded to 92000 points, with the overall trend showing a fluctuating upward pattern, and the lows are gradually rising.
Operational Suggestions:
Focus on the support area of 96400-95200 below, and after a rebound, continue to be bullish; if it can break through 98800 points above, it is expected to continue to refresh the high points, and there is currently no obvious top signal.
Ethereum:
The November monthly line shows that Ethereum, after two months of bottoming, closed with a solid bullish candle, with an increase of up to 43%, totaling 1112 points, but the monthly trading volume has significantly increased, indicating that the December market still has the potential for continued upward movement.
The daily line shows a clear bullish trend for Ethereum, with steady daily increases, nearing this year's bull market's last trapped area of 3750-3850 points. The 4-hour line has repeatedly hit 3750 points without breaking through, but the support at 3680 points below will be significant.
Operational Suggestions: Pay attention to the support area of 3680-3600 below, and after a rebound, continue to be bullish; if it breaks through 3850 points, further new highs can be expected.
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