From the daily chart perspective, after BTC touched the bottom area near 84,000 for the second time, it started to rebound and is now challenging the 93,000 level. If it can break through smoothly, the next target range can be seen at 94,500–95,500, while on the support side, attention should be paid to the 90,500–91,500 transition zone. ETH's performance is basically in sync, also starting a rebound after a second bottom near 2,750, and is currently testing resistance in the 3,080–3,100 range. If it continues upward, 3,170–3,230 is worth looking forward to, with the support transition zone at 3,000–3,030.
Switching to the 4-hour timeframe, both BTC and ETH are in a state where they rebounded after another dip but are encountering resistance—BTC is stuck at 93,000, ETH at 3,100. As mentioned before, if the second test fails to break the pattern, it's likely to enter a consolidation box. Currently, this box hasn't fully formed yet; if the bullish trend continues, focus on 94,500–96,000 for BTC and 3,170–3,230 for ETH. However, if resistance holds and prices fall back, the box structure will basically be confirmed.
The bearish strategy suggested a couple of days ago was actually based on the second bottom, and the actual trend has indeed matched expectations. However, the specific process and strength of the rebound were hard to judge at the time, so now that prices are approaching resistance levels, my personal inclination is to continue laying out short positions.
Specifically: For BTC, consider shorting in the 92,800–93,300 range, targeting 91,000–90,000, with a stop loss above 94,000; For ETH, short near 3,080–3,100, targeting 3,000–2,950, with a stop loss above 3,180.
Of course, all strategies are time-sensitive, and the market changes quickly, so adjustments must be made flexibly based on real-time price action.
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StakeHouseDirector
· 4h ago
I'm very familiar with this "second test can't break" trick; looks like we're heading for another range-bound market.
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quiet_lurker
· 8h ago
Neither of the two retests broke through, so I think it's going to consolidate. There are indeed opportunities for short positions.
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SatoshiChallenger
· 12-03 13:21
Will the second attempt fail again? Interesting, this is what you call a "perfect prediction" [sarcastic laugh].
If I had known the data would be this obedient, I would have started an analysis account and made a hundred thousand a month too.
History tells us that every "breakthrough" that gets stuck at the resistance level is usually followed by a "technical correction."
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PhantomHunter
· 12-03 13:21
Both attempts failed to break the deadlock, and now it's time to open the box again.
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AlwaysQuestioning
· 12-03 13:21
If the second test can't break through, continue shorting. That logic is spot on.
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BlockchainArchaeologist
· 12-03 13:13
You're thinking about shorting again before it even breaks the level on the second test? You're really daring this time.
From the daily chart perspective, after BTC touched the bottom area near 84,000 for the second time, it started to rebound and is now challenging the 93,000 level. If it can break through smoothly, the next target range can be seen at 94,500–95,500, while on the support side, attention should be paid to the 90,500–91,500 transition zone. ETH's performance is basically in sync, also starting a rebound after a second bottom near 2,750, and is currently testing resistance in the 3,080–3,100 range. If it continues upward, 3,170–3,230 is worth looking forward to, with the support transition zone at 3,000–3,030.
Switching to the 4-hour timeframe, both BTC and ETH are in a state where they rebounded after another dip but are encountering resistance—BTC is stuck at 93,000, ETH at 3,100. As mentioned before, if the second test fails to break the pattern, it's likely to enter a consolidation box. Currently, this box hasn't fully formed yet; if the bullish trend continues, focus on 94,500–96,000 for BTC and 3,170–3,230 for ETH. However, if resistance holds and prices fall back, the box structure will basically be confirmed.
The bearish strategy suggested a couple of days ago was actually based on the second bottom, and the actual trend has indeed matched expectations. However, the specific process and strength of the rebound were hard to judge at the time, so now that prices are approaching resistance levels, my personal inclination is to continue laying out short positions.
Specifically:
For BTC, consider shorting in the 92,800–93,300 range, targeting 91,000–90,000, with a stop loss above 94,000;
For ETH, short near 3,080–3,100, targeting 3,000–2,950, with a stop loss above 3,180.
Of course, all strategies are time-sensitive, and the market changes quickly, so adjustments must be made flexibly based on real-time price action.