Afternoon Market Analysis on December 4: Rebound Faces Resistance, Beware of High-Level Pullback Risk

The current market is at a critical technical crossroads. The short-term rebounds of Bitcoin and Ethereum have shown signs of weakness after encountering clear resistance, and the larger bearish trend has not been reversed. The afternoon market will see intense battles around key resistance and support levels.

BTC: The price is testing the historic key resistance zone of $93,000 to $94,000. The $95,000 level above is an important liquidity cluster. If there is no significant breakout, the risk of a pullback will increase sharply.

ETH: Similarly, strong resistance is faced in the $3,100 to $3,200 range. This area is a short-term battleground between bulls and bears; failure to break through will confirm a loss of rebound momentum.

Afternoon trading strategy and risk control are based on the idea that "the rebound is losing steam, prioritize short positions." Recommendations are as follows:
1. Bitcoin (BTC) short entry range: around $94,000 - $94,500.
First target: $91,500
Second target: $90,000

2. Ethereum (ETH) short entry range: around $3,230 - $3,260.
Short-term targets:
First target: $3,160
Second target: $3,100
Third target: $3,020