Mu Feng's Trend Analysis: Bitcoin/Ethereum Market Analysis and Trading Suggestions (December 2nd)

This week, the KDJ, MACD, and BOLL indicators all showed a bearish convergence. As mentioned in the analysis a few days ago, the weekly chart was likely to show a downward trend this week, and it was a period of releasing bearish sentiment. This is because the market has been in a correction phase in the second half of November and has been unable to stand above the resistance level. Therefore, this round of fluctuation is clearly laying the groundwork for a new round of decline in terms of trading volume. The daily KDJ indicator has fallen sharply, and the Bollinger Bands (BOLL) continue to weaken overall, with a slight opening at the lower band. Such opening during a downtrend often indicates extremely strong bearish sentiment. On the main chart, the three-day moving averages (MA) are all falling sharply, providing resistance, with the 30-day MA accelerating its decline. Therefore, we remain bearish for the day. Specific entry and exit points are as follows: BTC: Short at 86600-87000, target 85000; ETH: Short near 2800-2820, target 2740. These are my personal intraday trading suggestions. Market conditions change rapidly, and this article has a certain lag; it is for reference only. Actual trading should be based on real-time guidance in the trading room.