Analyst Chen Shu: 12.6 midnight Bitcoin and Ethereum market strategy * No. 2, short-term decline focus on the daily MA10 or 9.95
The article analysis at noon gave a long strategy for Bitcoin at 10.16/3840. The intraday price fell back to 10.14/3820. The long strategy entered the market at the lowest point. The highest intraday price reached the target point of 10.35/3960. The long strategy won 2000/120 points of profit. Congratulations to those who followed the strategy! Please see the following analysis for how to operate in the current short-term slight decline.
Looking at the daily chart of Bitcoin, today's daily line currently closes with a red K-line with an upper shadow line, and the price is strongly above the MA5/10 daily moving average. In the short term, there is a retracement. Pay attention to the high pressure of the previous shock at 9.9. Whether it will turn from pressure to support and form a top and bottom conversion position; in the 4-hour chart, the short-term has fallen below the MA5 daily moving average, and there is a possibility of further retracement to the MA10 daily moving average (9.95). At the same time, pay attention to the 1-hour level MA30 daily moving average, which is 9.98, and wait for a retracement to go long.
From the daily chart of Ethereum, yesterday closed with a large bullish candle breaking through the daily MA5/10 moving averages. Today's bullish trend continues to stabilize above the MA5 daily moving average. For short-term support, just focus on the MA5 daily moving average; on the 4-hour chart, the overall trend is still maintained above the MA5, and for pullbacks, pay attention to the situation of the 4-hour MA5/10 moving averages. The operation can be treated as going long on pullbacks.
Midnight Operation Thought (Drafting Time: 01:30):
BTC: Light long positions near 9.95/90,000, target above 10.1; short positions are not considered for now, waiting for pullback opportunities to go long.
ETH: Light long positions near 3860/3780, target above 3900/4000, can wait for a pullback to supplement the gains.
Medium to Long-term Trend: Bitcoin saw a volume increase today, but from the current short-term perspective, the pullback is also significant, basically giving back half of the gains, and it is expected to drop to the 9.95-90,000 range. However, overall it is still treated with a bullish outlook, and pay attention to the strength of the short-term pullback; Ethereum maintains a strong bullish trend in the short-term with supplementary gains, although there are pullbacks, the rebound strength is not weak, continue to go long on pullbacks.
The daily analysis strategy has a very high success rate! Analysis is not easy, I hope everyone can click for a free follow, favorite, like, and comment, thank you all, and welcome everyone to leave comments below for discussion; I will reply one by one!
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