Yueying: Bitcoin and Ethereum Market Analysis (December 3rd) - Key Resistance Levels Unbroken, Beware of Another Plunge

The market has seen a strong V-shaped rebound recently. Bitcoin's daily chart shows a solid bullish candlestick, recovering the previous day's losses and regaining its position above 90,000. Intraday trading continued the upward trend, testing the 94,000 area. The Bollinger Bands are narrowing, with short-term moving averages hovering around the middle band. The MACD fast and slow lines are extending upwards with increasing volume. The KDJ has crossed upwards again; watch for resistance around the 100 level. The VR indicator is consolidating around 50. On the four-hour chart, the price has rebounded with consecutive bullish candlesticks, breaking through previous highs and currently testing the upper Bollinger Band. The Bollinger Bands are slightly widening, with short-term moving averages turning upwards. The MACD fast and slow lines have crossed upwards and broken through the zero line with continued increasing volume. The KDJ shows signs of turning downwards around the 100 level, and the VR indicator is consolidating around 160. Overall, this rebound after the recent drop has been relatively decisive, without much consolidation at lower levels, likely influenced by news. However, it's unwise to chase the price higher. Pay attention to the resistance around the 4-hour EMA200, and short-term support around the daily middle Bollinger Band. A break below this level could trigger another rollercoaster ride. See short-term recommendations. Bitcoin short-term recommendations: Long at 91800, Short at 95200 (Take profits as needed). Ethereum's strong daily candle broke through the middle Bollinger Band but hasn't yet broken the previous high. The 4-hour candlestick chart shows a large bullish move followed by upward consolidation, with the Bollinger Bands slightly widening. The overall technical picture is similar to Bitcoin and can be used as a reference. Watch for support around 2980, and also resistance below the 4-hour EMA200. See short-term recommendations. Ethereum short-term recommendations: Long at 3005, Short at 3158 (Click the image to see the homepage introduction for more coin analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me if you have any questions about trading or trends! Let's exchange ideas and benefit together!