December 4 BTC/ETH Analysis:

Weak employment data can't resist large institutional inflows, crypto continues to warm up!

Last night, worsening ADP employment data triggered a short-term market pullback. Afterwards, US Treasury Secretary Besant supported rate cuts and Hassett was officially confirmed as the Fed Chairman. Institutional investors quickly entered the market, with on-chain statistics showing a total ETF inflow of $1.1 billion. The short-term pullback gave us a great opportunity to enter at lower levels, and prices surged overnight!

BTC
The upward move has already broken through the 9400 resistance zone, and the current market is in a clear uptrend with strong bullish momentum. It's highly likely to test the upper resistance at 9600. During the day, watch for a pullback to support at 9250—if it holds, the bullish trend remains; if it breaks, pay attention to 9100-8900.

Focus on going long in the 9230-9270 range, target 9410-9600, and if it breaks through, look for 9820.

ETH
Due to large institutional inflows and strong upgrade performance, longs from 3030 have already pulled up 200 points. During the day, watch for a pullback to support at 3170—if it doesn't break, the bullish momentum stays.

Focus on going long in the 3162-3184 range, target 3239-3320, and if it breaks through, look for 3398.

Short-term trading should be flexible—set your stop-losses based on your actual position! $BTC #广场发帖领$50 $ETH