Bitcoin and Ethereum trading suggestions and direction for the morning of December 7:

From the current market situation, the 4-hour chart shows that the price is in an upward stretching state. Previously, the price pulled back and went lower but found support at the lower band, without breaking downward. The trading volume is adjusting with a bearish pattern but shrinking, and the moving averages are gradually rising in a converging manner. The mid-term trend is steadily upward, while the long-term range oscillation highlights the strong resistance of the bulls, with limited pullback space. Looking at the 1-hour chart, after surging and pulling back, the price did not continue to fall but instead rebounded. It is now operating in the upper-middle band region, and weakening bearish volume supports the price, creating an upwardly slanted channel. The moving averages are in a bullish arrangement, and in the short term, there is still some consolidation and accumulation. The upcoming strategy should focus mainly on buying on dips.

BTC: Consider going long around 89,400-89,000, watch 91,000
ETH: Consider going long around 3,050-3,020, watch 3,120 #BTC #ETH