Analyst Chen Shu: Midnight Bitcoin and Ethereum market strategy on December 4th * No. 2, pay attention to the loss of 9.45 for both long and short positions.
The midday analysis on December 3rd provided a long position at 9.45, Ethereum 3540/3580 long strategy ideas. In the evening, a short position was given at the current price of 9.54, which successfully dropped to the target point for a profit of 1500 points. Subsequently, the midday analysis long position at 9.45/3540 also rebounded successfully to 9.6/3600, with total profits exceeding 3000 points. Currently, for short-term wide fluctuations, please refer to the following analysis for operations.
From the daily chart of Bitcoin, today's K-line has once again formed a green K-line and has fallen below the daily MA5/10 moving averages. If it continues to fall below the 4-hour MA120 moving average (9.45) and breaks this line, then a short-term retracement may occur. Next, pay attention to the recovery situation of the daily MA10 moving average and the 4-hour MA120 moving average. If it completely loses this support, then watch for a retracement to the 90,000 level; otherwise, watch for a volatile adjustment market. On the short term, focus on the breakthrough of the 1-hour MA256 moving average (9.6) resistance level. Overall, maintain a cautious approach to the volatile market.
From the daily chart of Ethereum, today's price, as analyzed in the midday article, has retraced to the daily MA10 moving average. Continue to pay attention to the loss of the MA10 moving average and the support of the 4-hour MA60 moving average (3540). If it loses this support, then watch for a retracement to the 3350/2350 level; short-term support focuses on the 1-hour MA256 moving average (3530).
Midnight operation idea (writing time: 01:00):
BTC: Light long near 9.45 with a stop loss of around 600 points, target 9.6 level; light short at 9.62/9.75, target near 9.4.
ETH: Short around 3600, target 3500/3450; long orders can follow Bitcoin for short-term trades.
Medium to long-term trend: As long as Bitcoin does not lose 9.45, continue to maintain a volatile bullish attitude. Only after completely losing this line can the approach shift to looking for a retracement. For Ethereum, first pay attention to the gains and losses around the price range of 3530-50. If it completely loses this line, then the short-term rebound trend will come to an end.
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