Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing for December 5

Looking at the previous market trend, the 1-hour chart shows that BTC is currently in a volatile downtrend, with the Bollinger Bands opening downward and short-term bearish momentum dominating. Overall, the recent price has pulled back from the high above the 94,000 level, hitting a low at 90,822 before stopping the decline, forming a double top pattern. The increased trading volume indicates concentrated selling pressure, and market sentiment is leaning cautious. The current short-term support is at the lower band near 91,600; if it breaks below, it will continue to test the key level of 90,000. The resistance is at the previous high near 94,000. From a technical indicator perspective, the Bollinger Bands are opening downward, with price moving along the middle band, so weakness may continue in the short term. If the rebound fails to break through the middle band and hold above it while volume shrinks, it may form a bearish upper shadow signal. Therefore, the afternoon trading suggestion is still to focus on shorting on rebounds and watch for the continuation of the bearish trend.

BTC can be shorted around 92,000–92,700, watch 90,000
ETH can be shorted around 3,160–3,190, watch 3,100 #BTC #ETH