#美联储重启降息步伐 On the evening of December 8th, the situation with Bitcoin and Ethereum is worth paying attention to.
**Bulls are still accumulating strength, don’t rush to chase highs**
BTC closed the daily candle bullish, confirming the rebound pattern. Although there was some volatility after encountering resistance during the day, this is not weakness—on the contrary, it's building up energy for the next breakout. The Bollinger Bands are tightening and flattening, and short-term moving averages are intertwined, showing that bulls and bears are temporarily balanced, but momentum has been quietly accumulating.
The 4-hour chart gives an even clearer signal. After breaking through the middle band, the price continued to rise with consecutive bullish candles. Although there was a slight pullback after touching the upper band, don’t be intimidated—narrowing Bollinger Bands often signal upcoming volatility. The MACD golden cross is expanding upward, and the histogram is showing continuous volume expansion, indicating that short-term bullish momentum is accelerating.
On the 1-hour chart, the bullish trend is operating steadily. The Bollinger Bands are opening upward, the price continues to rise with consecutive bullish candles, and each pullback low is higher than the last. Although there are signs that the upper band is flattening, the upward channel remains intact and the short-term rhythm is still in place.
**ETH follows BTC closely, won’t underperform**
Ethereum is highly synchronized with Bitcoin. Its current moving averages, Bollinger Band formation, and momentum indicators are all very similar to BTC, making the market’s bullish consensus clear and providing a good reference for trading.
**Key strategy for tonight: Buy the dip, don’t chase blindly**
The bullish structure hasn’t changed, so tonight’s main approach is “build positions in batches at lower levels.” Be patient, wait for the price to pull back and stabilize at key support before entering the market, and build your position in stages.
**BTC**: Consider going long around 91,500, with a target at the 93,000 mark. After entering, hold cautiously based on support.
**ETH**: Around 3,130 is an ideal area for longs; act after confirming support, with a target at 3,220 to capture the linked upward movement.
In short, the bullish foundation on the chart is still solid. The current consolidation is just preparation for a breakout. Tonight, focus on whether the pullback support holds, find the most comfortable entry point, and ride the momentum of this move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
CryptoTherapist
· 12-08 11:50
tbh the whole "don't chase, wait for dips" narrative lowkey triggers my market anxiety... like aren't we all just copium-ing at this point
Reply0
MetaverseLandlord
· 12-08 11:49
Wait for a pullback before getting in, don't rush to chase the highs. I've seen this pattern too many times.
View OriginalReply0
MagicBean
· 12-08 11:40
Entering at 91500 is a bit early, I'm still waiting for a pullback.
View OriginalReply0
rekt_but_vibing
· 12-08 11:35
Bollinger Bands are playing with our nerves again, this routine is getting old.
It's always about waiting for a pullback, being patient and entering in batches... Sounds better than it actually is, but I've never seen it go according to plan even once.
#美联储重启降息步伐 On the evening of December 8th, the situation with Bitcoin and Ethereum is worth paying attention to.
**Bulls are still accumulating strength, don’t rush to chase highs**
BTC closed the daily candle bullish, confirming the rebound pattern. Although there was some volatility after encountering resistance during the day, this is not weakness—on the contrary, it's building up energy for the next breakout. The Bollinger Bands are tightening and flattening, and short-term moving averages are intertwined, showing that bulls and bears are temporarily balanced, but momentum has been quietly accumulating.
The 4-hour chart gives an even clearer signal. After breaking through the middle band, the price continued to rise with consecutive bullish candles. Although there was a slight pullback after touching the upper band, don’t be intimidated—narrowing Bollinger Bands often signal upcoming volatility. The MACD golden cross is expanding upward, and the histogram is showing continuous volume expansion, indicating that short-term bullish momentum is accelerating.
On the 1-hour chart, the bullish trend is operating steadily. The Bollinger Bands are opening upward, the price continues to rise with consecutive bullish candles, and each pullback low is higher than the last. Although there are signs that the upper band is flattening, the upward channel remains intact and the short-term rhythm is still in place.
**ETH follows BTC closely, won’t underperform**
Ethereum is highly synchronized with Bitcoin. Its current moving averages, Bollinger Band formation, and momentum indicators are all very similar to BTC, making the market’s bullish consensus clear and providing a good reference for trading.
**Key strategy for tonight: Buy the dip, don’t chase blindly**
The bullish structure hasn’t changed, so tonight’s main approach is “build positions in batches at lower levels.” Be patient, wait for the price to pull back and stabilize at key support before entering the market, and build your position in stages.
**BTC**: Consider going long around 91,500, with a target at the 93,000 mark. After entering, hold cautiously based on support.
**ETH**: Around 3,130 is an ideal area for longs; act after confirming support, with a target at 3,220 to capture the linked upward movement.
In short, the bullish foundation on the chart is still solid. The current consolidation is just preparation for a breakout. Tonight, focus on whether the pullback support holds, find the most comfortable entry point, and ride the momentum of this move.