December 4 Night BTC/ETH Action Manual

Good evening, the main trending assets have basically entered a high-level consolidation mode today. This is a normal requirement for trend movement. After all, from Monday to today (Thursday), the rapid advances have already recovered a lot of ground. In addition, we are approaching the final chapter of the three major targets for this cycle for BTC and ETH. It can't be said that after reaching the three major targets, nothing else matters; the team needs to regroup before expanding into new territory after achieving these targets. In summary: the trend is completely normal, there is a short-term need for adjustment, and attention should be paid to how the third target is achieved. If there is a pause here to regroup, the overall potential for December could be even higher. If the third target is hit with a short-term impulse but cannot hold, the rebound may end here. There's no need to worry about a healthy correction.

BTC: Since this is defined as a "healthy correction," the trading idea is to try shorting for swings in the short term, while still focusing on finding spots to add longs in the mid- to long-term. In the short term, treat around 94,000 as the resistance point. High shorts have already been laid out today, aiming to test the support effectiveness of 90,150–91,300. For longs, look for cost-effective spots in the 88,400–90,150 range to add positions. For the night session, first observe the support effect at 92,500. If 92,500 holds, bulls will continue to push for the 94,000–95,700 area, and you can look for high short opportunities again at 94,000–95,700. The faster the short-term acceleration, the easier it is to short.

ETH: Today it has been oscillating in a narrow range box between 3,173–3,217. The upper target is 3,250, which goes without saying. The short-term support at 3,135 is also very clear. Maintain the previous approach: use 3,250 as the resistance point and look for high short opportunities around here, with 3,250 as the stop-loss level. The short-term high short risk-reward is still decent. Test the support effectiveness of the 2,977–3,055 box, which could actually pave the way for higher and further moves. If there are cost-effective spots at 2,930–2,977, don’t hesitate.

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