Midday Bitcoin and Ethereum Operation Suggestions and Direction Sharing for December 5

Good afternoon, everyone. Reviewing the early morning Bitcoin market, Bitcoin started to strongly pull back from the high of around 93,100 after meeting resistance, dropping to around 90,822 before stabilizing. The drop was nearly 2,000 points, showing a clear short-selling trend. After the decline, it began to rebound and recover, currently fluctuating around the 92,400 level. Ethereum moved in sync with Bitcoin, falling from the early morning high of 3,227 to a low of 3,061 before stabilizing, also showing a clear short-selling trend with a move of about 166 points. Overall, the high-sell-low-buy strategy given yesterday matched well with the market, and I believe those who followed and participated made some gains.

Looking at the current market, Bitcoin began rebounding in the morning, now fluctuating around 92,350, and Ethereum around 3,172. The Bollinger Bands are showing signs of narrowing, with both the middle and upper bands trending down and the lower band curving upward. After Bitcoin broke through the middle band, it quickly fell back, indicating that there is still resistance above and the rebound momentum is not strong enough for a sharp rise. The MACD fast and slow lines have turned downward from above the zero axis, and the red volume bars continue to increase, indicating that the short-term is still in a downward space. Therefore, the midday participation suggestion is to continue with yesterday's bearish outlook:

Bitcoin can be shorted around 92,000 to 92,700, pay attention to 90,000
Ethereum can be shorted around 3,160 to 3,190, pay attention to 3,100 #BTC #ETH