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#数字资产代币化浪潮 Evening Bitcoin trend observation
Today, when the price reached 95900, it started to pull back. To be honest, the rebound from 93000 to this point is more of a technical rebound after an oversold situation—there's no substantial positive news, and institutional funds haven't really entered the market. Is it possible to reverse the downward trend with this wave? Difficult.
Looking at the 4-hour level, the moving averages are clearly pressing down on the price, with the MA20 line holding it firmly. Additionally, the expectations of a rate cut by the Federal Reserve in December are cooling down, and the dollar's liquidity is also tightening, making the bulls somewhat weak. Next, it is highly likely that we will continue to grind, and the support level at 93000 may need to be tested again. If it cannot hold, it would not be surprising to go back and fill the gap at 92000.
You can consider looking for opportunities to place short orders in the range of 96000-96500 for Bitcoin, with an initial target of 94500, and if that breaks, then look at 93500.
In terms of Ethereum, the range of 3210-3255 can be considered for shorting, with the first target at 3120. If it breaks below this level, 3100 is also worth paying attention to.
$BTC $ETH