Bitcoin and Ethereum Operational Recommendations and Direction Sharing in the Early Morning of December 3

From the current market situation, the 1-hour chart shows that the market is currently in a consolidation phase, with prices fluctuating narrowly around the middle Bollinger Band near the 92,600 level. Recently, the candlesticks have alternated between bullish and bearish, indicating obvious divergence between bulls and bears, but there has not been an effective break below the lower band support. In the short term, the range-bound consolidation continues. Looking at the Bollinger Bands, the middle band is flat, and the gap between the upper and lower bands is narrowing. The price is fluctuating between the middle and upper bands, indicating reduced short-term volatility, and the market is at the verge of choosing a direction. The current consolidation may be a correction phase after the previous upward movement.

If there is a breakout above the upper Bollinger Band near 93,600 with volume, it may open up further upside potential.

Conversely, if it breaks below the lower band at 91,500 and cannot quickly recover, it may signal a weakening trend.

Overall, based on the current trend, personal suggestion is that there is a high risk of pullback, and the short-term range-bound consolidation continues. It is recommended to adopt a wait-and-see approach. If the price falls below the 92,000 level and stabilizes below, you can consider opening a small position for a short, focusing on the 90,000 level. #BTC #ETH