Analyst Chen Shu: 12.1 Midday Bitcoin and Ethereum Market Strategy * No. 1, Narrow Fluctuations Focus on the 9.65-9.55 Range Gains and Losses
On November 30, the midday analysis gave 9.63/9.53, Ethereum 3645/3600 long position strategy ideas, successful entry with Bitcoin yielding a maximum profit of 1000 points, Ethereum a profit of 100 points. Congratulations to friends who followed the operation. Currently, the short-term continues to maintain a fluctuating trend. How to operate, please see the following analysis.
From the daily chart of Bitcoin, yesterday Saturday closed with a small bearish candlestick, retracing to the daily MA10 moving average. Today, during the day, it continues to slightly retrace to the MA5 moving average, paying attention to the gains and losses of the daily MA5/10 moving average (6.1-6.4) range; looking at the 4-hour chart, the current price has retraced back below the 4-hour MA60 moving average, there is a possibility of retracing to the MA30 moving average (9.55) during the day. Observing the 1-hour level, with the continuous rise of the MA256 moving average, the early session has once again fallen below this line. Pay attention to whether it can stand back above 9.65. The overall short-term trend key support focuses on the gains and losses of the 9.65-55 price band.
From the daily chart of Ethereum, yesterday's trend was basically consistent with the analysis, and the daily line once again closed with a small bullish candlestick along the MA5 moving average upwards. Although the strength of the rebound is not large, it can still continue to look for rebound opportunities. Focus on the 4-hour MA5/10 moving average as an entry opportunity for long positions.
Midday operation ideas (writing time: 13:00):
BTC: Light long positions near 9.58/9.5, target above 9.7; light short positions at 9.9/9.88, target near 9.6
ETH: Long near 3660/3600, target above 3700; short positions follow Bitcoin synchronously
Medium to long-term trend: Although Bitcoin made a slight retracement over the weekend, it is still predominantly fluctuating upward at present. In the case of short-term stagnation, it should not be treated as a one-sided market, with 9.65 as the center point to observe the fluctuating adjustment; Ethereum continues to look for rebound opportunities in the short term, waiting to retrace to the daily MA5 or the 4-hour MA5/10 moving average to make long entries and take positions for swings.
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