#ETH走势分析 December 4 Afternoon Market Observation

The long strategy given in the morning has already yielded a profit of a thousand points. For those holding long positions, remember to take some profits first.

Looking at the current market, the upward momentum is clearly weakening. Bitcoin has tried several times to break above 94,100 but hasn't succeeded. On the 4-hour chart, there are two noteworthy signals: first, although the price made a new high, the RSI indicator is moving downward, which is a typical bearish divergence; second, the MACD red bars are getting shorter, and the fast and slow lines are about to converge, indicating that buying strength is fading. Currently, the price is retesting the key support zone of 92,500-92,800. If this level doesn't hold, the short-term top is basically confirmed, and it is likely to test the 92,000-92,500 area next.

After such a long rally, I think it's safer to wait for the pullback momentum to be mostly released before considering going long again.

Trading Ideas

$BTC: Look for long opportunities in the 92,000-92,500 range, targeting 93,500-94,000

$ETH: Consider building long positions in the 2,880-3,000 range, targeting 3,230-3,500