Layout analysis on the afternoon of December 2nd

#比特币市场情绪与投资策略 Ma Ge hasn't updated the analysis in the past two days because he has numerous tasks with his students and needs to guide them one by one.
On December 2nd, BTC and ETH fell, and US stocks also dropped. The Bank of Japan's intention to raise interest rates this month has a significant impact, as interest rate hikes will tighten global liquidity, which is unfavorable for global asset pricing. Yesterday, I entered a BTC long position near 84800, with the price dropping to around 84700 before rebounding. After the US stock market opened, it rose to a maximum of around 86700, providing a profit potential of two thousand points. However, the resistance at 86900 was strong, and it fell back without breaking through, reaching a low of around 83800 before rebounding again. Pay attention to the support level at 82300; if it breaks, there could be a significant drop, but if it holds, there may be a rebound.

From a technical perspective, the 4-hour K-line morning star pattern is bullish, and the price has broken through the short-term moving average. However, the trading volume has significantly decreased, raising doubts about the sustainability of the rebound. Additionally, the long-term moving average is trending downward, indicating that the medium to long-term market has not fully recovered.

Trading advice, go long on BTC in the range of 85900 - 86350, with an initial target of 88500, and if it breaks, then look towards 89800; go long on ETH in the range of 2758 - 2765, with an initial target of 2863, and if it breaks, look towards 2895,