#数字货币市场洞察 Early trading on December 7, $BTC and $ETH are both looking pretty rough.

Starting with Bitcoin. Although the Fed’s rate cut expectations are still there, which in theory should mean more liquidity, the reality is that ETF funds keep flowing out and buying pressure just isn’t picking up. The 93,000 to 95,000 range has repeatedly stalled rebounds, and both the 15-day and 20-day moving averages are pressing down. After breaking below 90,000 yesterday, you saw the rebound—basically no sign of recovery. Correlation with traditional assets is also weakening, and capital just doesn’t want to come in.

For Ethereum, even though there’s a positive catalyst from the network upgrade, it can’t resist moving in sync with BTC. There’s heavy resistance above 3,200, and this short-term consolidation box doesn’t show any sign of breaking out. Want a rebound? The momentum is clearly lacking.

In this situation, the key is whether a few support levels can hold. If there’s no signal of a breakout on high volume, the probability of continued downward consolidation is actually higher.

**Some operational references:**

$BTC can consider short positions around 89,700–90,200, targeting the 88,500 level;

$ETH can also try short positions around 3,050–3,070, with a target at the 3,000 level.

Of course, set your stop-loss—volatility in this market is still pretty high.