Analyst Chen Shu: 12.12 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, Trend Returning to Bullish, Continue to Go Long on Pullbacks

The afternoon article on 12.11 provided a long strategy for Bitcoin at the current price of 9.75, with the evening market rebounding to a high of 10.1, achieving nearly 3500 points in profit for those who followed the operations. Congratulations to those who kept up! Currently, for short-term high-level fluctuations and adjustments, please see the analysis below.

From the daily chart of Bitcoin, yesterday closed with a strong bullish candlestick and broke through the daily MA5/10 moving averages. During the day, pay attention to pullbacks to the MA5/10 moving averages (9.94/90,000) to go long; on the 4-hour chart, yesterday's consecutive upward rebounds broke through the pressure levels of various moving averages, and the current price is in a short-term stagnation, maintaining fluctuations at the 4-hour MA5 moving average, with short-term support at the MA30 moving average around 9.9. If it pulls back and touches this line, a long position can be taken once. Meanwhile, on the 1-hour level, the current price has not yet bottomed out and breached the 5/10 moving averages; the afternoon pullback market should focus on this line's gains and losses.

From the daily chart of Ethereum, the market today is experiencing a catch-up rally, with the daily candlestick closing above the MA5/10 moving averages. The short-term market is returning to a bullish trend, focusing on the previous peak and trough point pressure at the 4000 level; on the 4-hour chart, it has continuously closed with red candlesticks and is standing above various moving averages. In terms of operation, pay attention to pullbacks to the MA30 moving average, which is around 3850 to go long.

Afternoon trading thoughts (writing time: 13:30):

BTC: Light long near 9.9/9.85, target 10.1/10.2; light short above 10.3, target 1-2000 points

ETH: Light long near 3860/3800, target 3900/4000; consider short positions above 4000 for short-term trades

Medium to long-term trend: Bitcoin has returned to a bullish trend, and the daily level is looking bullish again. If it continues to stay above the MA5/10 moving averages, it may break through the historical highs again soon. I have always reminded everyone to go long on pullbacks; Ethereum, being in the bullish trend of Bitcoin, can expect the subsequent catch-up market. Whether the catch-up will break and stabilize above 4000 USD remains to be seen.

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