Bitcoin's price action, which started at 91800, retraced to around 91700 before rebounding, resulting in a move of over 2000 dollars. The daily chart shows another bullish candle, with the price maintaining a high level of consolidation at the open. The Bollinger Bands are narrowing and flattening, with short-term moving averages hovering around the middle band. The MACD fast and slow lines have crossed upwards, and the volume bars are increasing again. The KDJ is trending upwards, but watch for resistance around the 100 level. The VR indicator is consolidating around the 50 level. On the 4-hour chart, the price is maintaining a high level of consolidation above the 7-day moving average. The Bollinger Bands are widening, and short-term moving averages are turning upwards. The MACD fast and slow lines have broken above the zero line but show signs of turning downwards, with the volume bars decreasing. The KDJ has turned downwards, and the VR indicator is consolidating around the 150 level. Overall, the market is in a high-level consolidation phase, requiring a short-term trading strategy. Watch for resistance around the previous high and support around 91000. This is the recommended short-term trading strategy. Bitcoin Short-Term Suggestions: Buy at 91800, Sell at 93800 (Take profits as needed after strategy activation). Ethereum's rebound yesterday was stronger than Bitcoin's, showing a slight catch-up rally. Currently, it's facing resistance near the daily upper Bollinger Band. The four-hour chart shows consecutive positive candles testing the EMA200 area, and the Bollinger Bands are widening. Other technical indicators can be referenced in conjunction with Bitcoin's. Considering the resistance levels on the daily and four-hour charts, short positions can be entered below the previous high. Support is seen above 3080. See short-term suggestions. Ethereum Short-Term Suggestions: Buy at 3115, Sell at 3215 (Click the image to see the homepage introduction for more cryptocurrency analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!
Yueying: Bitcoin and Ethereum Market Analysis for December 4th - Bitcoin Long Positions Take Profits, Ethereum Rises to Key Resistance, Intraday Range Expected
2025-12-04 08:16:08
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