#比特币对比代币化黄金 **December 8 Market Review: BTC and ETH Swing Wildly—What’s Behind This Volatility?**

Yesterday’s price action was truly thrilling—Ethereum plunged from the 3040 level straight down to 2910, then spiked above 3130 overnight only to be slashed back to around 3010. Both moves offered considerable range. Now, both coins are in a tug-of-war after rebounding from their lows, with expectations for Fed rate cuts continuing to ferment and bulls and bears battling fiercely.

Bitcoin’s rhythm was even wilder. Overnight, it plunged to a low of 87,688, then rallied sharply to 91,720, before pulling back to consolidate above 90,000. On the daily chart, the MACD histogram is expanding upward, showing clear bullish momentum. The EMA30 resistance is at 93,600, and the upper Bollinger Band is eyeing the 94,500 mark. Switching to the four-hour timeframe, you’ll see the MACD is almost done contracting; once price holds above 92,000, a golden cross between DIF and DEA is likely. The core battle zone is between 87,000 and 92,000, with strong buying support around 87,500–88,000. On the upside, 92,600 is a tough resistance—if it breaks, the upside opens up.

Ethereum is staging a synchronized V-shaped reversal. After dipping to around 2,910, it surged straight up to nearly 3,160, a gain of over 8%. Now, after a pullback, it’s consolidating again near 3,130. Technically, daily MACD bullish momentum is showing some signs of fatigue, and the four-hour chart previously showed signs of a fake-out rally. The first resistance to watch is the 3,180–3,200 range, then 3,250 above that; on the downside, the key support is the 3,000 level, with 2,900–2,950 being the bulls’ last stronghold. Whether this area holds will directly determine the next move.

**Trade Reference:** For Bitcoin, watch for short opportunities near 91,600–92,000, targeting 89,500; for Ethereum, look to short in the 3,140–3,160 zone, targeting 3,060, with stop-losses at 93,300 and 3,220, respectively.

Each day’s analysis and strategies have their winning probabilities, but are for reference only—trade at your own risk. There may be publication delays; please refer to live market conditions.