#数字货币市场回升 December 1st, Monday morning market analysis of BTC/ETH trends

Hello everyone, I am Meng An. Looking at the four-hour level, $BTC is consolidating around 90500, and the integer level of 90000 is holding up relatively stable. The Bollinger Bands continue to converge, and the trading volume is also shrinking, with no obvious signals of increased volume.

From the trend perspective, the short-term upward structure has not broken down yet. As long as this support zone is maintained, there is still a possibility for further upward movement; however, if it fails to hold, then one must be cautious of a pullback to lower positions.

My trading plan:
$BTC can consider laying out long positions in the range of 90300-90600, and watch around 92600.
$ETH can also go long in the range of 2960-2980, with a target at the 3120 line.

For reference only, risk is borne by yourself. $ZEC

BTC0.83%

ETH3.39%

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BearMarketSage

· 12-02 01:58

With 90,000 pressure being so high, it feels like we still need to look at the weekly chart to determine the authenticity of the breakouts; the short-term fluctuations are too intense.

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GateUser-a180694b

· 12-01 00:29

Can this level of 90000 really hold? It feels like it's about to break again. Once the Bollinger Bands converge, it's game over; let's wait for the higher trade volumes signal. I've heard this trap from Meng An too many times, anyway, I don't believe it. 92600? Wake up, buddy, there's still a long way to go. With such a significant drop in volume, who dares to place a long order?

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NFTDreamer

· 12-01 00:13

We still need to keep a close eye on this 90000 level; the lack of volume is a bit concerning.

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RugResistant

· 12-01 00:05

The key is whether 90000 can hold. If it breaks, it might really get dumped. Can Meng An achieve the goal this time?

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GameFiCritic

· 12-01 00:04

90000 This hurdle is really stuck, and looking at Meng An's analysis, the volume indeed hasn't picked up... I've seen the Bollinger Bands convergence signal too many times, often it's the calm before the buildup, but it could also be a false signal, which is why I hate betting on a one-sided direction.

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