Today, BTC has been range-bound and oscillating all day, showing a narrow consolidation. The upward channel is blocked, currently lacking upward momentum, moving forward in a choppy manner.
From the 4-hour chart perspective, the overall structure is downward. The price has been running along the lower Bollinger Band, with heavy selling pressure above and insufficient bullish momentum. The rebound space is limited, and all three Bollinger Bands are expanding downward, clearly favoring the bears. The MACD is turning down and running below the zero line, giving bears the advantage. The outlook remains bearish.
BTC trading suggestion: Short on rebounds around 90,600-91,300, targeting 89,200-87,500. If it breaks through, continue to look lower.
ETH trading suggestion: Short on rebounds around 3,080-3,140, targeting 2,990-2,850. If it breaks through, continue to look lower. #十二月行情展望 #广场发帖领$50
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
1 Likes
Reward
1
1
Repost
Share
Comment
0/400
梦想启航XCL
· 12-06 15:07
Technology is useless now; the price rises and falls according to the lines drawn by the market makers, and they can see the data clearly.
December 6 BTC/ETH Market Outlook
Today, BTC has been range-bound and oscillating all day, showing a narrow consolidation. The upward channel is blocked, currently lacking upward momentum, moving forward in a choppy manner.
From the 4-hour chart perspective, the overall structure is downward. The price has been running along the lower Bollinger Band, with heavy selling pressure above and insufficient bullish momentum. The rebound space is limited, and all three Bollinger Bands are expanding downward, clearly favoring the bears. The MACD is turning down and running below the zero line, giving bears the advantage. The outlook remains bearish.
BTC trading suggestion: Short on rebounds around 90,600-91,300, targeting 89,200-87,500. If it breaks through, continue to look lower.
ETH trading suggestion: Short on rebounds around 3,080-3,140, targeting 2,990-2,850. If it breaks through, continue to look lower. #十二月行情展望 #广场发帖领$50