December 4 Crypto Market Watch



Today, major coins rebounded collectively. BTC surged to $94,125, up 3.12% in a single day, finally holding steady above the $94k mark. ETH was even stronger, soaring directly to $3,215, up 7.22%, easily breaking through $3,200. The total market cap returned to $2.8 trillion, with a 24-hour trading volume of $450 billion, and the overall sentiment has clearly warmed up.

**BTC Technical Analysis**

Support levels: $91k, $86.5k, $80.4k
Resistance: $95k, $97.1k, and then the highly watched $100k psychological barrier

On the daily chart, BTC has broken through the $92k hurdle, with the price back above the short-term moving averages and a bullish pattern becoming more apparent. RSI is hovering between 55-60, not yet in the overbought zone, indicating there’s still room for upside. MACD has formed a bullish crossover and is expanding upward, showing buying pressure is building.

**ETH Trend Interpretation**

Support below: $3,050 (120-day MA), $2,970, $2,620
Resistance above: $3,170, $3,195 (Bollinger upper band), $3,300

On the four-hour chart, ETH has completed an inverse head and shoulders reversal pattern. After breaking through the $3,100 trendline resistance, the price accelerated upward, completely shaking off the shadow of this month’s low. This rebound has been quite decisive.

**Market Catalysts**

(Following content not provided due to incomplete original text)
BTC-3.3%
ETH-5.23%
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MultiSigFailMastervip
· 12-11 18:17
Is the 94k level holding steady? I choose to believe it, but I'll wait until it breaks 100k before I say anything.
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ContractTearjerkervip
· 12-11 04:35
94k has stabilized. The next step is to see if 100k can be broken. Feeling like this rebound is a bit strong.
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WenMoon42vip
· 12-09 20:45
Has 94k held steady? Come on, that's a sign of a top, my friend.
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FudVaccinatorvip
· 12-09 20:44
This rebound looks good, but I'm worried it might be another bull trap. Can 100,000 really be broken?
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LiquidityNinjavip
· 12-09 20:43
Has 94k held steady? I bet five bucks it'll pull back again next week.
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bridge_anxietyvip
· 12-09 20:40
94k is holding steady, finally able to catch my breath. --- ETH's rebound this time is really decisive, now let's see if it can break 3300. --- Oh my, it's about to rush towards 100,000 again. When will this psychological barrier really be broken? --- Is buying power accumulating? Then I'll wait a bit longer, don't want to get dumped on. --- Is this head and shoulders bottom reversal pattern reliable, or is it going to be another fake breakout? --- So this is what a warming market sentiment looks like, but I still feel a bit uneasy. --- RSI still has room to go up, so let's wait and see, no rush.
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ImpermanentLossEnjoyervip
· 12-09 20:36
94k has held steady, but I'm still waiting for 100k. Can it really break through this time? ETH has surged like this, but this rally feels a bit shaky to me. What’s the new catalyst? Why did the article get cut off? The short-term moving averages are climbing again—bears probably can't hold on much longer, right? Is it all set once 3200 is taken out? Looks like a rebound to me—not sure it can last.
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RadioShackKnightvip
· 12-09 20:35
94k has held steady, does it feel like this time we're finally going to break 100k?
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BearMarketMonkvip
· 12-09 20:20
94k is holding steady, finally no need to worry every day. This ETH rebound is truly amazing, let's go!
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