$BTC $ETH Midday Analysis: Published at 13:22 on December 8

Last night's live stream discussed the strategy of going south first then north. Not sure how many of you paid attention. While we didn't give a direct opinion, we did provide the thought process and the relatively influential levels. We set a sleeping order at 3068-3150, with an average around 3100. All dips provided profits, and for those who didn’t reduce their positions, we reminded you to secure your capital. Congratulations to the fans who followed along! Here, we recommend everyone to study Rui Ge’s trading methods; in the future, we’ll occasionally provide course materials as benefits. If you like the streamer, hit follow, observe for a while, and see if it’s worth subscribing! Thank you all for your support!

First, we see BTC closed the weekly candle as a doji. Although it didn’t close above 94,500, overall, the bulls still have hope. Next, just watch the defense at the 86,500 level. The daily candle this morning closed in sync with the weekly. Going forward, on the daily chart, see if BTC can regain stability above 93,500 to continue the bullish trend. Otherwise, watch the defense at 87,500 for another dip. Last night we mentioned that if BTC breaks down on the 4-hour chart, the real support is around 87,500. Last night, it held up and then rebounded strongly. Currently, it’s around 91,000. In the next 1-2 days, focus on the 4-hour resistance at 92,144-95,822, and support at 88,418-85,197. Daytime volatility is relatively high with a lot of news, so beware of market makers shaking out both sides. Set stop losses properly. For intraday BTC trading, you can go long around 89,252-88,458 with double the defense, and go short on spikes around 92,873-94,010 with double the defense.

Second, ETH weekly closed at the 3,058 level, showing signs of stabilization, but don’t be careless. Specifically, watch the daily trend. The weekly view remains unchanged: see if it can break and hold above 3,100, with support at 2,800. ETH’s daily volatility is clearly higher than BTC’s. Since the daily closed in sync with BTC, there’s no need to elaborate further. Just watch for a breakout and hold above 3,250; if that happens, look to the 3,400 level. On the downside, as long as 2,950 holds, there’s no issue; otherwise, expect another daily-level dip. In the next 1-2 days on the 4-hour chart, mainly watch resistance at 3,150-3,281 and support at 3,025-2,899. Bulls are relatively strong during the day. For trading, you can go short around 3,188-3,230 with defense at 3,258, or go long around 3,025-2,960 with double the defense.

Note: This article is time-sensitive. For specific guidance, refer to the real-time live stream. For small positions, control risk at 1%. These are personal opinions for reference only. Small positions for compounding. Good luck everyone!
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