Liangqiu: 12.5 Bitcoin/Ethereum phase correction, pay attention to the strength of the subsequent pullback.

CN
分析师梁丘
2 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

You can follow the public account "I am Liang Qiu a," focusing on mainstream coin guidance and layout. Bitcoin/Ethereum have experienced a sharp decline followed by a rebound from last night until now, currently in a critical price game phase. In yesterday's analysis, I mentioned the first support level at 90500 to 91000 and 3050 to 3100, which was effective and has now rebounded. Here is today's specific analysis:

Bitcoin consolidated at a high level between 92800 and 94000 yesterday. Last night, it was impacted by the U.S. initial jobless claims data, dipping to a low of 90842 before quickly rebounding, and is currently hovering around 92000. On the technical side, the key resistance area is between 93000 and 95000. If it breaks through with volume, it is expected to advance towards 100000. The support area is primarily focused on the 89500 to 90000 range, with further support at 88000 to 88500. If it falls below this, it may trigger a deep correction. Additionally, Trump's plan to nominate a crypto-friendly person as SEC chairman and expectations of interest rate cuts from the Federal Reserve provide macro support.

Ethereum's movement is linked to Bitcoin but with greater volatility. It surged to 3240 yesterday before fluctuating, and last night it also fell, dipping to 3065, and has now rebounded to 3190 before pulling back again. From a technical perspective, the hourly RSI has risen from the oversold area to the neutral range, indicating that the oversold correction is complete. The key support levels are the low of 3064 and the 3100 mark, with resistance concentrated in the 3180 to 3220 range, and strong resistance at yesterday's high of 3240. On the fundamental side, the Fusaka upgrade is supportive, and on December 1, ETH ETF saw a net inflow of 180 million USD, with institutional holdings exceeding 13 billion USD, showing clear signs of capital inflow, which supports the price.

Trading suggestions: Short Bitcoin near 92100 to 92500, targeting around 90500-89500; Short Ethereum near 3170 to 3190, targeting around 3100-3050, and if it breaks, continue to look down.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations guided in real-time. For more strategies, you can follow the public account: I am Liang Qiu a.

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