Market Analysis for December 3

The market has just experienced a deep V-shaped rebound. This recent drop has resulted in a rather obvious short squeeze; market sentiment has shifted quickly from being afraid to go long to waiting for a rebound to higher levels to short. The sentiment shift is very rapid. In the next trades, expect to act contrary to general market sentiment, with a focus on retail investor emotions.

Today, BCH, LINK, SUI, and others are showing relative strength.

Since the market is waiting for a rebound to high levels such as 94,000-96,000 to short, or another deep pullback to provide entry opportunities, in the short term, we intend to take a contrarian approach and set up an aggressive long position in ETH. For ETH, consider a light long position in the 2,960-3,000 range during the day, with a stop-loss if 2,900 is breached. The take-profit target is concentrated at 3,060-3,090. After a breakout, let profits run to 3,144-3,170-3,200.
#十二月行情展望