Analyst Chen Shu: 12.11 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, both long and short positions perfectly profitable, looking at intraday volatility and consolidation
The analysis from the afternoon article on 12.10 provided the short strategy for Bitcoin at 9.8/9.9, with the evening market rebounding to a high of 9.82 before pulling back to a low of 9.42 as expected, successfully profiting 4000 points from the short position. Subsequently, the midnight article analysis provided a long strategy at 9.45, perfectly timing the entry point, and the long position has since profited another 3000 points. Congratulations to friends who followed the operations! Currently, for short-term rebound and how to operate, please see the analysis below.
From the daily chart of Bitcoin, it can be seen that it has formed two consecutive days of lower shadow candles, retesting the support at the daily MA30 moving average. The short-term has received effective support at the daily MA30 moving average, the pullback trend has temporarily ended, and the current price touches the pressure level of the daily MA5/10 moving averages. Pay attention to whether the rebound can reclaim this line during the day; on the 4-hour chart, the current price is once again rebounding upward, testing the pressure of the MA30/60/120 daily moving averages, and it is expected to oscillate around the 1-hour MA256 daily moving average, which is at the 9.8 level. Short-term focus on the gains and losses of 9.8, and treat it as oscillation in operations.
From the daily chart of Ethereum, after two consecutive days of green candlesticks, the price has pulled back to the daily MA30 moving average. At the same time, the MA5/10 moving averages are converging and turning downward, indicating a significant short-term weak pullback trend. The overall key pressure level is to see if it can reclaim above the 1-hour MA256 daily moving average, which is above 3800, as well as the daily MA5/10 moving averages.
Afternoon operational thoughts (writing time: 14:00):
BTC: Light short positions near 9.86/9.95, target 9.7 level; light long positions near 9.65/9.55, target above 9.8
ETH: Light short positions near 3780/3850, target around 3700/3650; light long positions near 3600/3550, target at 3700/3750 level
Medium to long-term trend: Bitcoin is currently holding above the daily MA30 moving average. As mentioned in yesterday's article analysis, it is not bearish until it completely loses this line; Ethereum has a significant pullback, but similarly, we need to first see the gains and losses of the daily MA30 moving average.
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