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Analysis of BTC/ETH market on December 2nd early morning
The cooling expectations of interest rate cuts have triggered fluctuations and weakness in cryptocurrency prices. After a significant drop in the morning, the rebound was weak, and in the evening, it fell below 84,000 following the decline of US stocks. Currently, the market is in a consolidation range. The bearish prediction made in the morning has been accurately realized, and the short-term bearish outlook remains unchanged. The four-hour chart shows a strong downward trend, with the Bollinger Bands opening downwards and obvious bullish pressure. The hourly KDJ shows a death cross divergence, with bears dominating the market. Without any bullish signals, the downward trend will continue.
Operation suggestion: Short BTC near 85000-85500, target around 84000.
Short ETH around 2750-2800, target near 2680 #成长值抽奖赢iPhone17和周边 #十二月行情展望 #GIGGLE和PIPPIN强势上涨