The price of BTC fell slightly in the early morning, but quickly rebounded and approached 97000, clearing out those large short orders. The short-term market data shows a frequent switching between long and short positions, and both sides are facing a crucial moment in choosing a direction. The competition for the medium-term and short-term directions is intense. In terms of operation, it is recommended to follow the market trend based on the current situation. Currently, the large range triangle wedge consolidation is very obvious on the market data, and the short-term trend of the roller coaster ride between long and short positions is not sustainable. If there is no movement tonight, the monthly chart will end calmly. If it closes positively in December, it will definitely break through $100,000. For the short term, it is necessary to wait for volume and entry after the target is reached.

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After falling back to the support level of 3537, the price of ETH has started to rebound and is currently hovering around 3580. The daily candlestick has formed a bullish pattern with increasing volume, and it has entered the angle range between moving averages, with short-term moving averages turning upwards and medium-term moving averages still below. In the short term, there may be a consolidation correction or a small upward retracement confirmation. However, the trend of the daily candlestick has formed a small-scale bottom reversal. Currently, ETH is at a crucial technical and market moment. If it breaks through 3750, the market may test $4000 and trigger a pump in ETH price along with a large number of shorts positions liquidation. However, due to the high sensitivity of market sentiment, investors should remain cautious, avoid chasing the market, and follow the market's pullback signals. As ETH approaches these key levels, market fluctuations will intensify, so risk management should be taken into account when making trading decisions.