Liang Qiu: The pullback in Bitcoin/Ethereum on the weekly and monthly charts is still ongoing. (December 1st)

Bitcoin/Ethereum traded sideways in the morning but then fell steadily with weak rebounds, showing a clearly weak overall trend. We repeatedly emphasized the support levels of around 82,000 and 2,600 in the first half of last week, suggesting a strategy of primarily long positions with secondary short positions. However, the breakout of this strategy in the latter half of the week resulted in a significant profit for our short positions last night. Currently, the price is experiencing a narrow range of fluctuation after the decline, with weak rebounds and a persistently weak trend. A rally of over a week has been wiped out in just one or two days, indicating further downside potential. The recent price action shows a clear downtrend, with a large daily decline that has completely erased previous gains, forming a long bearish candlestick. Previous highs of 93,000 and around 3060 were not broken, leading to a subsequent pullback and continued decline. Technically, the MACD histogram is currently negative and expanding, indicating increasing bearish momentum; both the DIF and DEA lines are trending downwards and in a death cross state. We expect the price to recover somewhat tonight before continuing to short on rallies. Evening Trading Suggestions: Short Bitcoin around 86300-86800, target around 85000; Short Ethereum around 2840-2860, target around 2770, with further downside targets around 83500 and 2740 if the price breaks down. Our daily analysis and strategies have a high win rate and are readily available. However, these analyses and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time updates.