Looking at the 1-hour chart for BTC, the 918-920 range is a hurdle. If it truly breaks through and holds, the next stop is directly at 930.
The 930 level is pretty crucial—during the last 4-hour breakout, it failed to hold. If it can break above and stabilize this time, I personally believe it’s unlikely to stop there. 950k? 980k? Or even a direct move to 100k? All are possible.
However, keep an eye on the risk of a pullback. If there’s a retracement opportunity, the 906-910 range is a decent spot to consider for a position, especially for those currently holding no positions.
As for ETH, short-term resistance is around 317-318. If it breaks and holds above this level, accelerating upward past 3220 shouldn’t be an issue. Last week, three attempts to break through failed and it pulled back for a round of adjustment. If it pushes to 3220 again this time, the probability of breaking out is quite high. If there’s a pullback, watch the 3060-3090 range. Those without positions can look for opportunities to test the waters.
One more reminder: the Fed is planning a rate cut this week. At least in the two days leading up to the rate cut, I personally lean toward prioritizing long opportunities.
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.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
MetaverseLandlord
· 12-08 08:57
Whether 930 holds or not is the key this week, feels a bit uncertain this time.
Honestly, 906-910 is really attractive, just waiting for a chance.
Going long a couple of days before the Fed rate cut? Let's take a gamble and see.
918-920 is really a hurdle, just dragging along.
For ETH, only if 3220 breaks does it really matter.
Whether we can take off this week depends on the Fed's attitude.
View OriginalReply0
HalfIsEmpty
· 12-08 08:56
Whether 930 breaks or not is a watershed moment. If it breaks, we might really head straight for 100k. If not, we'll just wait for opportunities at 906.
---
This 3220 level on ETH is a bit torturous. Tried three times last week and still no luck. If it really holds this time, I'm jumping in.
---
Huh? Bullish before the rate cut? Sounds a bit risky to me. I'll just stay short and wait for a pullback.
---
I'm kind of tempted by the 906-910 ambush point, just don't have any ammo left, haha.
---
There should be some action in the two days before 930. The Fed might stir things up with this move.
---
918-920 really is a hurdle. Just watching this area for the next few days.
---
Let's mark down 3060-3090. If there's an opportunity, we'll get in there.
---
The 100k talk sounds like a dream, but if 930 really holds... I'll believe you.
View OriginalReply0
ShibaSunglasses
· 12-08 08:54
If 918-920 can’t be broken, then we’ll just keep playing as usual. After all, we’re all used to it by now.
---
If 930 can hold, I’ll just go all-in with 100k without blinking.
---
Laying in ambush at 906-910, I know this move well. Got trapped like this last time, haha.
---
Wait, is the Fed rate cut this week? Feels like the market is already reacting in advance.
---
Is ETH 3220 really that critical? Feels like it’s already tried to break through three times...
---
Being all cash and bullish does feel comfortable, but I’m just worried the Fed might pull a reversal.
---
If 930 can’t hold again this time, maybe we should seriously consider exiting.
---
Favoring the long side a couple days before the rate cut? Yeah, right. That’s what you said last time too.
---
Sniping a bargain at 906-910? Sure, sure—just depends if you’ve got the guts.
View OriginalReply0
not_your_keys
· 12-08 08:38
Whether 930 breaks or not still depends on the Fed; before this week's rate cut, it's all a gamble.
Looking at the 1-hour chart for BTC, the 918-920 range is a hurdle. If it truly breaks through and holds, the next stop is directly at 930.
The 930 level is pretty crucial—during the last 4-hour breakout, it failed to hold. If it can break above and stabilize this time, I personally believe it’s unlikely to stop there. 950k? 980k? Or even a direct move to 100k? All are possible.
However, keep an eye on the risk of a pullback. If there’s a retracement opportunity, the 906-910 range is a decent spot to consider for a position, especially for those currently holding no positions.
As for ETH, short-term resistance is around 317-318.
If it breaks and holds above this level, accelerating upward past 3220 shouldn’t be an issue. Last week, three attempts to break through failed and it pulled back for a round of adjustment. If it pushes to 3220 again this time, the probability of breaking out is quite high.
If there’s a pullback, watch the 3060-3090 range. Those without positions can look for opportunities to test the waters.
One more reminder: the Fed is planning a rate cut this week. At least in the two days leading up to the rate cut, I personally lean toward prioritizing long opportunities.