Xiang Li: December 2nd, Afternoon Analysis and Operations of Bitcoin and Ethereum

This morning, the persimmon market was overall dull and uninteresting, showing a significant sideways oscillation pattern. The main contract mostly fluctuated around the 86500 line, and although it attempted to rally, it failed to hold after reaching a high of 87384 and is currently consolidating around 86700. The second contract's performance was highly synchronized, mainly oscillating in a narrow range around 2800, peaking at 2825 before similarly facing downward pressure. Currently, both sides in the persimmon market have entered a brief state of observation and balance, and specific direction still needs signals to guide them. Given this situation, there were no new positions established during the morning session.
To get straight to the point, in the 4-hour chart, there is a trend of a rebound for Eggplant Brother, which also aligns with the slight rise in the shipping data this morning. However, it is worth noting that in the hourly chart, both the KDJ and RSI indicators are already in the overbought zone, indicating that the aforementioned rise is nearing its end.
The overall trend remains bearish, and in the short term, there is a possibility of a rebound for Qie Ge. The short-term focus is on: Bitcoin: 87500, Ethereum: 2850. If it can stabilize long-term within the above range, then there is potential for Qie Ge to rise further; conversely, if momentum is insufficient, it will fall back in the evening! In the afternoon's operations, adhering to a conservative and safe core concept, we will stick to the bearish Silk Road strategy, but in the absence of signal resonance, avoid blindly chasing bearish and bullish trends, and take profits in a timely manner!
BTC: 87000-87500 Support at 86000
Two cakes: 2820-2850 涳 Look 2750
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