#数字货币市场洞察 December 4 Afternoon Market Observation: Rebound Hits Resistance, Beware of Overhead Pressure

The market has reached a rather delicate position. The recent short-term rebound in $BTC and $ETH is struggling after hitting clear resistance, and from a larger time frame perspective, the bearish structure hasn’t really changed. The key focus this afternoon is whether several critical levels can hold.

First, Bitcoin—it's currently testing the historical resistance zone between $93,000 and $94,000. There is a large amount of supply stacked around $95,000, and if there isn't enough volume to force a breakout, it could easily reverse downward.

Ethereum is in a similar situation, stuck in the $3,100 to $3,200 range. This area is the short-term battleground between bulls and bears; if it can’t break through, it basically confirms the end of this rebound.

**How to trade this afternoon? My view is that the rebound is weak, so I’ll focus mainly on short positions.**

For Bitcoin:
Consider opening short positions around $94,000 to $94,500.
First target: $91,500
Second target: $90,000

For Ethereum:
Short entries can be considered in the $3,230 to $3,260 range.
Short-term targets in three stages:
- First, $3,160
- Then, $3,100
- Finally, $3,020

In summary, signs of resistance at the current level are already quite obvious, so be cautious in your trading—don’t overlook the risk of a pullback from the highs. Use strict stop-losses, and don’t hold onto losing positions.