陈知言

Bitcoin/Ethereum Analysis at 12:20 AM, Affected by the Federal Reserve's Interest Rate Cut, Market Volatility is High!

Yesterday, the market experienced significant fluctuations. What initially seemed like a stable market situation was suddenly disrupted, with prices plummeting without any signs of stopping, forming a strong one-sided downward trend. This sudden crash caught bullish traders off guard, and their prior expectations and hopes were instantly shattered.

Under the influence of the Federal Reserve's interest rate cut news, the cryptocurrency market saw considerable volatility from midnight to early morning! The unemployment data released last night did not have a significant impact! With the opening of the U.S. market, many altcoins led by Bitcoin began to drop sharply, with Bitcoin falling to a low of 96,852.4 at 2:20 AM today, and Ethereum dropping to a low of 3,380.5!

From the current market perspective, the daily structure has entered a correction phase, and this correction is considered deep. Since this retracement is influenced by news, I personally predict it will not last long, and ultimately, the market will revert to a bullish trend! Therefore, one can consider positioning for long entries during the retracement in the early morning!

In the face of such a sudden violent downward trend, we must not be overwhelmed by fear and frustration. Failure is the stepping stone to success; every setback is an opportunity for growth. We should view market fluctuations with a calm mindset, continuously improve our analytical skills and risk awareness, and gradually find our own stable path in this uncertain market.

Friday Early Morning Trading Suggestions (Written at 03:40)

BTC: Long around 96,500-97,000, target 99,500-100,000
ETH: Long around 3,370-3,400, target 3,570-3,600

The above is my personal intraday market analysis.
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#美联储放鹰 $BTC $ETH

On the evening of December 18, Bitcoin/Ethereum analysis showed a negative rebound and continued upward recovery.

Adjustments are difficult to change the final upward trend. Bitcoin has rebounded 1,600 points from more than 103,700 points during the day, and Ethereum has rebounded 70 points from more than 3,820 points simultaneously!

The highest price of Bitcoin reached around 108,300 US dollars, and the lowest price was around 103,300 US dollars. In the short term, Bitcoin is currently in a relatively stable upward trend after experiencing large fluctuations in the early stage. From the current market, the price of the currency is fluctuating upward, the Bollinger Bands are fluctuating upward as a whole, the MACD is bullish, and the KDJ three lines cross upward, indicating that the bullish energy is continuing. In terms of operation, you can just pull back and do more.

In the past two days, with the further correction of Bitcoin, the overall rhythm trend is obviously weak, and the rebound does not have a strong recovery continuity, and the short orders arranged are also soft!

At this stage, the price correction is blocked and there are obvious signs of a positive recovery. At present, the short-term rhythm of Bitcoin remains to repair and rise, and there is a high probability that it will still go to around 106,000 to test!

At 3 a.m., the Federal Reserve's interest rate decision was announced. The expected rate cut was 25 basis points. The previous value was 4.75%, and the current expected rate cut was 4.5%. The market has basically reached a consensus, and reaching the expectation will not have much impact on the market!

When the overall trend has not changed, and the callback amplitude is sufficient, it is time for us to take action. The bull market is still long, don't rush for success, the market always goes up and down, and it is difficult to execute, but often the more difficult thing is patience.

Operation suggestions for Wednesday afternoon (writing time 21:30)

BTC: more around 104500, target 106500

ETH: synchronize

The above is a personal intraday market analysis

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#BTC再创新高 #比特币冲向11万？ $BTC $ETH

12.17 Afternoon Bitcoin/Ethereum Analysis: Is the Bullish Dominance Still Strong in the Afternoon?

Early yesterday morning, Bitcoin showed a strong upward trend after breaking through the resistance level, successfully reaching a new high, with the overall trend structure continuing to rise. Unfortunately, after breaking through the resistance level, it began to pull back, reaching around 105424, followed by a trend of upward adjustment but still maintaining an overall upward trajectory.
From a technical indicator perspective, the four-hour opening is extending upwards, indicating the stability of the bullish dominance. However, the KDJ indicator failed to continue expanding after the three lines crossed, suggesting that short-term bullish momentum has weakened, and the upward trend may gradually slow down. Nevertheless, the overall trend remains bullish, with a potential breakout above the 110000 mark.

Currently, the trend is retesting the upper space, and the position of 105500 can be viewed as an important resistance level in the short term. Even if the market pulls back below the resistance level, it will create a new resistance level. Therefore, in the short term, a slight pullback should not be seen as a risk but rather as a good opportunity to go long. Currently, there is no indication of a top in the short term, so we will continue to maintain a bullish stance.

Specific points for reference:
Tuesday afternoon trading suggestions (written at 15:40)

BTC: Buy near 106700-106500, target 107400-107900
ETH: Buy near 4010-3980, target 4040-4060

The above is a personal intraday market analysis.
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$BTC $ETH

12.16 Midday Bitcoin/Ethereum Analysis A New Week Starts with BTC Breaking Above 106000 to Create New History

During the early morning, Bitcoin and Ethereum bulls surged, and currently, the mainstream strong momentum has set a good tone for the market this week. On the weekly chart, the current upper Bollinger Band is opening up, and the KDJ and MACD golden cross continue to strengthen, while the main chart MA5 and MA10 daily moving averages continue to rise this week.
On the daily chart, today's KDJ continues to rise with a golden cross, and the overall BOLL is fluctuating upward. The three-day moving averages in the main chart continue to arrange upward with different amplitudes (the increase of the MA30 daily moving average is accelerating). Therefore, in the short term, we still see bullish sentiment, while the intraday short-term trend is expected to be fluctuating (as there has already been a surge in volume in the morning, the afternoon and evening market volume will relatively weaken). The operational idea is still to accumulate on dips. A strong support has formed around the 104500 line, and the midday pullback is consolidating around this line. From the four-hour level, bulls are still increasing volume, and the price is adhering to the upper Bollinger Band with consecutive upward movements. There is no obvious resistance above, and in the afternoon, we still expect the bulls to continue and create new highs. Specific points of reference are as follows:

Monday Afternoon Operational Suggestions (Writing Time 14:30)

BTC: Buy around 104200-103200, target 106200
ETH: Buy around 3940-3900, target 4040

The above is my personal intraday market analysis.
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$BTC $ETH

12.15 Afternoon Bitcoin/Ethereum Analysis Weekend Overall Tends to Gradually Rise in Range

This week's market mainly showed a V-shaped upward trend. At the beginning of the week, it fluctuated around the 100,000 mark, but did not continue to rise. A strong pullback occurred to a new low of 94,000, and then it stabilized at 94,000 with a continuous upward trend bringing the price back to the 100,000 mark, peaking at 102,900 on Sunday. This week’s fluctuations also showed a range of nearly 10,000 points, while Ethereum had nearly 400 points of volatility.

On Saturday, the daily closing continued to form a doji star, with the market consolidating at a high level. The upper resistance is at 103,000. The daily performance remains strong with upward momentum. Although the upper track faced some pressure in the short term, it was also due to the slowdown of the weekend market. The weekend market's attempt to break the high point also indicates the strength of the bulls. Currently, after a brief surge to 102,900 during the afternoon, Bitcoin did not continue to break higher, indicating that its momentum is still slightly lacking. Subsequently, in the afternoon, the price was corrected to above 101,500. If Bitcoin does not break below 101,000 in the afternoon and stabilizes to rise, then it will continue to break higher in the evening. Conversely, if it breaks down further, it will dip again. I believe it will first drop slightly before rising, as the market is there, and we just need to follow the trend and make timely adjustments.

Sunday Afternoon Operation Suggestions (Writing Time 16:00)

BTC: Buy around 101,000-101,500, target 103,000
ETH: Buy around 3,820-3,835, target 3,980

Be sure of the trend and don't hesitate, leave professional matters to professionals.
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#BTC重回关键位置后走势 $BTC $ETH

12.13 Afternoon Bitcoin/Ethereum Analysis Trend Has Started, Bitcoin Again Pulls Back to 100,000 Mark

On the daily chart, Bitcoin reached a peak at 102,000 and then closed with a bearish candle. Currently, the daily chart has touched this level multiple times but has not been able to break above, proving that the resistance here is still very strong. The market is once again in a small range consolidation phase, with the upper limit at 102,000 and the lower limit at 98,500-96,000. Ethereum, on the daily chart, has printed two consecutive bullish candles, rebounding after touching a low of 3,550. Currently, the market has not yet touched the resistance level around 4,000, and short-term support is seen at 3,850-3,880;

On the 4-hour chart, it can be clearly seen that Bitcoin started to rebound after a pullback to the bottom at around 95,000, and began to decline after reaching the top near 103,000. The intermediate position is around 99,500. Ethereum is similarly clear, rebounding after touching the bottom at 3,550 and starting to decline after reaching the top at around 4,000, with the intermediate position at 3,750-3,800.

Thursday Afternoon Trading Suggestions (Written at 17:00)

BTC: Short near 100,000 with a target around 101,500
ETH: Long near 3,870-3,900, target around 3,950

Be sure of the trend and don’t hesitate; leave professional matters to professionals.
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#BTC重回关键位置后走势 $BTC $ETH

12.112 Afternoon Bitcoin/Ethereum Analysis Short-Term Entering Strong Bullish Phase Breakthrough Stabilizing in the Blink of an Eye

12.112 Afternoon Bitcoin/Ethereum Analysis Short-Term Entering Strong Bullish Phase Breakthrough Stabilizing in the Blink of an Eye

Today's exchange rate has also surged to around the high point of 101880 before starting to face pressure and pull back. The strength of the pullback is relatively not significant, with the lowest price during the afternoon retreating to around 100309 before starting to rebound. It has touched the 101812 line again. It is evident that the attempt to break through the 102000 level still lacks some strength. On the Ethereum side, the price has been gradually rising throughout the day.
From a daily chart perspective, the current exchange rate has also broken through the strong support of the mid-track. Although there has been a breakthrough, it lacks a certain degree of continuation. Once the decline enters a stagnation, there is a high probability of a rebound. Looking at the recent trends over the past month, whenever the market shows stagnation or slow progress, there tends to be a significant degree of reverse movement. Therefore, while the short-term structure is slowly at a low point, accompanied by a rebound, the risk is that the rebound trend appears, and the decline stops with a certain obvious anti-fall performance. In the future, it still maintains a low position to seize the rebound.

In the short-term 4-hour chart, the coin price has formed a clear V-shaped reversal pattern, with signs of continuation. After breaking through the level pressure of 100,000, the head and shoulders bottom trend continues to rise. It is currently stabilizing at the mid-track, and although there is some stagnation, it has not given a significant signal for a large pullback. After a brief correction, it may continue to rise. The current bullish trend is strong, allowing for buying on the pullback. The 4-hour coin price has entered a strong bullish phase in the short term. Although it still faces upper track pressure, the stability of the mid-track has highlighted its strong momentum. All indicator lines are pointing upwards. This pattern is continuously gaining strength, and breaking through and stabilizing above it is just a matter of a moment.

Thursday Afternoon Operation Suggestions (Writing Time 17:00)

BTC: Buy around 100500-1000000, target around 101500
ETH: Buy around 3910, target around 3990

Be sure of the trend and don't hesitate; leave professional matters to professionals.
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$BTC $ETH #BTC重返10万

12.11 Afternoon Bitcoin/Ethereum Analysis High Position Consolidation, Bearish Outlook Remains

The market in the morning experienced an overall decline followed by a rise, with the price dropping to around 95600 and failing to continue downward. It then slowly rebounded to around 97700, and currently, the price continues to consolidate around 97700. Ethereum faced pressure from the high point of 3673, declining all the way down to the low point of 3562 before bouncing back.

From the daily chart analysis of Bitcoin, it has formed two consecutive days of lower shadows, retracing to the support level of the daily MA30 moving average. This action indicates that the short-term has found effective support at the daily MA30 moving average, temporarily signaling the end of the downward trend. However, the price has now reached the resistance level of the daily MA5/10 moving averages. Therefore, it is crucial to pay attention to the strength of the rebound today and see if it can regain this key position. Switching to the 4-hour chart, the price is rebounding upwards again and is beginning to test the resistance of the MA30/60/120 daily moving averages. The Bollinger Bands are running downward, and the current price is showing a continuous upward movement, but the momentum appears slightly insufficient, still operating below the middle band. If the middle band cannot be effectively broken in the afternoon, a short position can be established in this area. #市场回调抄底还是观望？

Wednesday Afternoon Operation Suggestions (Drafting Time 15:10)

BTC: Short around 98000, target 96000-95000
If the downward movement does not continue, go long
ETH: Short around 3700, target 3600-3550

$BTC $ETH

The bears have repeatedly penetrated the entire market, and the rebound space is still small. Is this a compromise or forbearance of the bulls? How to look at it in the future?

Recently, the currency market has shown a trend of high-level fluctuations, especially Bitcoin and Ethereum. Many netizens believe that although the market has a correction in the short term, there is a large room for growth in the long run.

Judging from the current trend, it is very likely to rush up in the afternoon. First, see if it can rebound above 97,500. If it stabilizes, it will hit the 98,000 mark again. Zhiyan believes that the bearish momentum in the morning has disappeared. If it stands firm at the bottom, it is very likely that this will be a bottom, which will slowly pull up the price again. We can wait for the correction in the afternoon before making a layout.

So far, the price of cake has stabilized at around US$97,000, and the price of ether has stabilized at around US$3,700. Both are currently in the support area of ​​the lower track of the Bollinger Band. In the financial market, when the price encounters strong support and fails to be broken, it often triggers a rebound.

The daily K-line showed a false breakout trend. After briefly touching the middle track, it received support near MA30 and rebounded strongly, stabilizing above the middle track again. In the short term, the interval formed by the middle track and MA30 will become an important support area. In the 4H level chart, the market has fallen below the key support of MA60 and the trend line. According to the top and bottom conversion logic, the area near MA60 and the trend line may be transformed into a short-term resistance zone.

Operation suggestions for Monday afternoon (writing time 15:10)

BTC: more near 96700, target near 98500

ETH: more near 3710, target near 3800

Don't hesitate to see the trend, leave professional matters to professionals
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Analysis of Bitcoin/Ethereum in the afternoon of December 9th. Zhiyan reminds that the afternoon thinking is bearish.

On Monday afternoon, the market rose first and then fell in the morning. The rhythm was not very large. From the overall performance, there was still a certain pressure test in the oscillating cycle. The news seemed to be shrouded in the emotions of Iran and Israel. Although the market rebounded, the strength was not very strong.
After stepping on the daily support of 98177, the small level began to rebound. ‌
‌Pressure above‌: The primary pressure level of the rebound is 100000, and the stronger pressure levels are 102000, 103723, and 104545. ‌
In the short term, the 4-hour detour on the upper and lower rails, although there was a test in the upper rail area, it did not stand firm and break through. The lower support at the lower rail was also relatively stable, and it rebounded immediately after the pin was inserted. The overall range runs in a wide range of 101500 to 98000. In this stage, the operation is relatively simple after defining the principle of no destruction and no establishment.
Judging from the current mood, the pressure has been shown. After reaching around 101400 in the morning, it began to fall under pressure.
From the one-hour level, the current trend of the shipping market is oscillating downward, and the strength of the bulls is weakening. It is very likely to fall below the 98910 support in the next shock. The note chart continues to be positive and gradually shortens.

Operation suggestions for Monday afternoon (writing time 15:50)

BTC: short near 99900, target around 98600-98300

ETH: short near 3940, target around 3880-3850

Don't hesitate to see the trend, leave professional matters to professionals
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Bitcoin/Ethereum Analysis on the Early Morning of the 12.8th - Zhi Yan Continues to Look Upward

The fluctuations over the weekend remain in the rhythm we are familiar with. Overall, it presents a cyclical shock within a range, primarily for correction. Bitcoin rebounded to the 10499 line in the morning, forming a pullback pattern, with the intraday low touching the 98876 line. As for Ethereum, after hitting the 4092 line early Saturday morning, it faced pressure and fell back, with the intraday low retreating to the 3970 line. The daily fluctuation range is quite small.

From a technical perspective, the recent coin price has maintained a volatile state at a high level. After experiencing a waterfall-like drop on Friday, Saturday showed a relatively compact fluctuation range. In the daily K-line chart, both long upper and lower shadows coexist, showcasing the intense confrontation between the bulls and bears in the current market. The MACD indicator at the hourly level is below the zero axis, with the DIF and DEA showing a converging trend, indicating that a rebound signal may reappear in the short term. The RSI indicator is close to the neutral zone, with specific values hovering around 51, neither reaching overbought nor falling into oversold territory, making the short-term trend appear ambiguous. The current price is slightly below the EMA7 moving average but remains firmly above the EMA30 and EMA120, with the support provided by long-term moving averages still solid, and the overall major trend still leaning towards the bulls. In short-term operations, attention should be focused on the support level around 94000 at the 4-hour level. As long as the pullback does not break this key position, any subsequent rebound will be a good opportunity to re-establish long positions.
If the coin price breaks upwards through the resistance range of 102000, it will open up greater upward space for the bulls, with further targets in the 103000 area. If the breakout continues, it may reach the psychological level of 110000. Daily technical indicators show that the current market is in a neutral zone, which suggests that the short-term trend may still need to wait for more external driving factors.

Early Morning Operation Suggestions (Written at 3:00)

BTC: Long near 99500-99000, target around 102000
ETH: Long near 3980-3960, target around 4050

Identify the trend and don't hesitate; leave professional matters to professionals.
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$BTC $ETH

Analysis of Bitcoin/Ethereum on 12.7: The fluctuation continues, how to grasp the market

Recently, the price has been fluctuating around 100000, forming a more obvious range of fluctuation.
The MACD on the hourly level is below the zero line but shows signs of convergence, indicating a possible rebound in the short term. The MACD on the daily level remains in positive territory, suggesting a bullish trend in the medium to long term.

From the daily chart of BTC, yesterday it formed a short upper shadow red candlestick, and the overall price remains above the MA5/10 daily moving averages, still viewed as a fluctuation trend. On the weekly chart, it currently shows a doji with both upper and lower shadows; on the 4-hour chart, today’s weekend market slightly retraced to the MA10 daily moving average, pay attention to the intraday opportunities to long if it retraces to the 4-hour MA30 daily moving average (9.78), and first consider going long with the pullback on Saturday.

Bitcoin surged to the first resistance level and then began to retreat, showing relatively weak strength. Currently, special attention should be paid to the support level on the 2-hour chart at 99500.
Support and Resistance:
Support Level: If 99500 does not hold, the lower support levels are 98300 and 97417, with daily support also at 97417.
Resistance Level: The upper resistance level is 100140, breaking this level would mean a small degree of retracement is completed, after which it may continue to push towards higher resistance levels of 101953 and 104568.

From the daily chart of ETH, yesterday the price surged to a peak of 4100, rising to test the previous high resistance level of 4100, while the daily trend is relatively strong. It is expected that 4100 is not the end of the short-term rise and will further break upwards, pay attention to opportunities to long on the pullback to the 4-hour MA10 daily moving average.

Ethereum is currently only experiencing a one-hour level retracement.
Support and Resistance:
Resistance Level: The upper resistance level is 4016, if it closes above and holds this price again, then the one-hour retracement is complete, and it may continue to rise, pay attention to the upper resistance at 4090.
Support Level: If it fails to close above 4016, pay attention to the lower support at 3967, breaking this level would start a retracement on the two-hour level, with lower support levels at 3930 and 3895.

Stay focused on the trend and don’t hesitate; leave professional matters to professionals.
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#比特币重返10W大关 $BTC $ETH

Chen Zhiyan: 12.6 Bitcoin/Ethereum Night Thoughts Fully Bullish!

Bitcoin is currently in a one-hour level correction. For the pullback support below, we need to focus on the two key positions of 101000 and 99600. Yesterday morning, Bitcoin rebounded from the low point of 97500. After a long period of consolidation, the market finally broke out today and ushered in a wave of remarkable pull-ups. Bitcoin prices rose all the way, breaking through the 100,000 mark and constantly setting new highs until the high point of 104630 was under pressure.
Ethereum started from the low point of 3769, showing a strong trend of shocks all the way, and finally climbed to the intraday high of 3960. The second cake just stepped back on the two-hour level support and began to rebound. In the small-level market at night, the 3900 position should be focused on. If the second cake can stand firm at this position for one hour, it is expected to continue to maintain an upward trend. However, if it fails to stand firm, it may start a one-hour level correction.

Midnight operation suggestions (writing time 00:40)

BTC: more around 102000, target around 105000

ETH: more around 3900, target around 4000

Don't hesitate to see the trend, leave professional matters to professionals
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#BTC新高10W #历史见证者打卡 $BTC $ETH

#BTC新高10W Bitcoin has broken through the 100,000 mark. How should we understand this?

Bitcoin has surpassed its historical high, showing a daily continuation upward pattern, and it is expected to continue rising.
From the hourly chart, it is currently in a slight state of fluctuation, and there may be some adjustments. However, looking back at the previous trend, that steady and slight upward movement already indicates strong short-term upward momentum. This slight fluctuation can actually be seen as a brief rest on the path of rising, just like taking a break while climbing a mountain to gather strength for the next ascent. As long as the key support levels are not broken, the overall upward trend remains solid.
Looking at the 4-hour chart, the price has been fluctuating at a high level, but the pullback strength is weak, with the candlestick firmly above the short-term moving average. This indicates that the bullish momentum is quite strong, and the short-term moving average acts as a solid support point, firmly holding the price. Just like on the battlefield, the bulls are holding their ground firmly, and the bears have completely failed to regain control. With the current momentum, the bulls are likely to launch another offensive, pushing the price even higher.

Support levels to watch: Focus on the support levels of 100878 and 100000 during the day. As long as these positions are not broken, the bullish pattern will continue to hold.

If Bitcoin breaks below 100,000, the support level is around 97,000, and investors can wait for opportunities here.

Wednesday afternoon operation suggestions (writing time 14:40)

BTC: 101000~101500 bullish outlook for 104000
ETH: 3800~3830 bullish outlook for 4000

Be sure of the trend and don't hesitate; leave professional matters to professionals.
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$BTC $ETH

Following the logic of Zhi Yan, you must have also enjoyed some 🥩, right? The short positions have arrived as expected.

The big coin rose sharply in the evening but faced pressure and fell back, experiencing a three-hour pullback. Currently, the four-hour chart shows a bearish candle. Pay close attention to fluctuations before and after the opening of the U.S. stock market; the release of evening news may temporarily impact the market's direction.

Throughout the day, the price has consistently oscillated within the range of 97000-95000, with no continuation of either long or short positions. The current trend is in a consolidation phase, with back-and-forth switching between long and short positions, and no clear one-sided trend. After touching 97000 in the evening, the price faced resistance and pulled back, once again approaching the 95500 level. We established short positions today and achieved decent profits.

The daily chart for the big coin showed a downward spike to around 93600 yesterday, closing back at around 95860. The upper resistance is near 97600, while the lower support is around 64450. A pullback can be taken near this area for long positions. The MACD shows an increase in short positions. The four-hour chart continues to oscillate, with upper pressure near the MA30. A breakout could see it reach around 97350, while lower support is near the MA120. A pullback can be taken near this area for long positions. The MACD shows a decrease in short positions and indicates a potential golden cross formation.
From a short-term hourly perspective, although there is a clear convergence, the oscillation range has not ended. The lower shadow is also a closing line, presenting a relatively perfect shape. The shorts are also relatively, with a decreasing volume and incomplete shape. The upcoming market will move in the oscillating upward trend as mentioned at the beginning, and the operation is to go long at lower levels.

Wednesday evening operation suggestions (writing time 22:45)

BTC: Short near 95600, target 97500

ETH: Short near 3720, target 3800

Identify the trend and do not hesitate; leave professional matters to professionals.
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#微策略持续增持BTC $BTC $ETH

Analysis of Bitcoin/Ethereum No. 12.4 - The Fluctuation Continues, How to Grasp the Market

The price of Bitcoin peaked around 96,500 in the morning before starting to pull back, dropping nearly 1,000 points before beginning to trade sideways. The upward momentum is clearly insufficient.
The daily fluctuations of Bitcoin are intense, with the high point already reaching 96,300 and having fallen below the EMA12 trend support at 95,400. At this moment, attention should be focused on whether the daily line can return to and hold above the EMA12. If this is achieved, the main force may launch a strong attack, and investors should not exit too early. In terms of technical indicators, the MACD is shrinking and moving downward, with the DIF and DEA expanding at a high level. The Bollinger Bands are contracting, with the K-line staying above the middle band at 94,900. The upper band at 100,400 is under pressure, while the lower band at 89,000 provides support. As long as the overall trend support remains solid, any pullback is mostly a false signal for shorting, and investors need to keep a close eye on key levels to make timely investment decisions.
From the current market trend, the price is fluctuating within a range, indicating a tug-of-war between the bulls and bears. Although the price briefly rose to around 96,000, it seems to be just a temporary rebound that has not changed the overall downward trend. The saying goes, 'what goes up must come down.' The afternoon outlook is pessimistic for a pullback, and aggressive traders may consider shorting at current prices.
Currently, from a structural perspective, Ethereum surged to around 3,713 in the morning before starting to pull back. It is now in a phase of sideways correction, confirming the resistance level is around 3,700, with clear weakening of upward momentum. Ethereum is currently around 3,680, and afternoon operations should still focus on short positions.

Afternoon Trading Suggestions for Wednesday (Written at 13:50)
BTC: Short near 96,500 with a target of 94,000

ETH: Short near 3,690 with a target of 3,630

Be sure of the trend and don’t hesitate; leave professional matters to professionals.
Follow me for daily updates on market analysis and real trading results! #下一个换谁涨？ $BTC $ETH

Chen Zhiyan's current price order benefits are given in advance, precise sniping

Pre-arrange short orders to enter the market, perfect grasp! Reach the target position

When the big cake is realized, the price order has gone out of 1,000 points
The conservative ones can be pocketed first, and the aggressive ones can continue to hold to see the target

The blog review/push is delayed, the market changes rapidly, and the specific entry opportunity must be combined with the actual operation, subject to real-time notification, the recommended points are for reference only, please bring stop profit and stop loss when entering the market, and stop when you see good!

Chen Zhiyan: Current price reminder on the evening of December 3

​The overall structure is still in a weak structure. Although the market has rebounded, the rebound momentum is insufficient, and the short-term upward trend is under pressure. Combining the volume of long and short positions, the strength of the short position release is relatively large, while the rebound momentum is small. The trend is just a correction after the decline, and it has not been effectively continued. The increase has not recovered the decline, so there is no effective change in the structure. The current daily and 4-hour lines are also obvious short positions, so the trend is short, just follow the trend! Rebound is an opportunity.

​
​The operation point of the big cake is 94700-95200, and the direct short target is 93500. The operation point of the ether is 3600-3640, and the direct short target is 3500.

The blog review/push is delayed, and the market changes rapidly. The specific entry opportunity must be combined with the actual operation. The real-time notification shall prevail. The recommended points are for reference only. Please bring a stop-profit and stop-loss when entering the market, and stop when you see good!

$BTC $ETH