Analyst Chen Shu: 11.28 Bitcoin and Ethereum Market Strategy *No. 1, the market has poor continuity and short-term wide swings focus on the gains and losses at 9.5
On November 27, the midday analysis provided a short position strategy, suggesting a short position at 9.46/3500. The midnight strategy suggested a short position for Ethereum at the 3650 line, which rebounded to a high of 3680 before pulling back to the current price of 3780, pulling back 100 points. Now, after rebounding, how to operate please see the following analysis.
From the daily chart, Bitcoin yesterday formed a large bullish red candlestick, breaking above the MA5/10-day moving averages and forming an upper shadow. The price slightly pulled back to the 9.5 line during the day, paying attention to whether the price can stabilize above the daily MA5/10-day moving averages; at the 4-hour level, the price pierced the MA30-day moving average before retreating below the MA60-day moving average, focusing on whether it can hold the price range of 9.5-9.55. This line is also supported by the 1-hour MA256-day moving average. If it can hold above 9.5, it will still be treated as a bullish oscillation; otherwise, it will look at weak oscillation adjustments, and the operation will treat it as wide oscillation.
From the daily chart, Ethereum formed a large bullish candlestick yesterday, testing the pressure at the 3680 high point. The daily chart is far from the MA5/10-day moving averages, focusing on whether it will pull back to test the MA5-day moving average (3470) support; looking at the 4-hour chart, yesterday continued to form bullish candlesticks along the 4-hour MA5-day moving average upwards, and the current price has pulled back to the 5-day line, paying attention to whether it will fall below this line and test the 3480 line.
Midday operation strategy (written at: 14:30):
BTC: short near 9.57/9.63, target below 9.4; long with light positions at 9.4/9.32, target near 9.6
ETH: long near 3460/3430, target 3550; short position follows Bitcoin synchronously
The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and welcome everyone to leave messages for discussion below, I will reply one by one!
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