Analyst Chen Shu: 12.1 Afternoon Bitcoin and Ethereum market strategy * 1, narrow volatility focus on the 9.65-9.55 range gains and losses
November 30 Afternoon analysis gave 9.63/9.53, Ethereum 3645/3600 long strategy ideas, successful entry for long positions in Bitcoin with a maximum profit of 1000 points, Ethereum profit of 100 points, congratulations to friends who followed the operation, currently continuing to maintain a volatile market, how to operate please see the following analysis.
From the daily chart perspective, Bitcoin had a small bearish candle yesterday Saturday which tested the daily MA10 moving average, today during the daytime continued to slightly pull back to the MA5 daily moving average, focusing on 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 pulled back again below the 4-hour MA60 daily moving average, there is a possibility of pulling back to the MA30 daily moving average (9.55) today, at the 1-hour level with the continuous rise of the MA256 daily moving average, the morning session again broke below this line, focusing on whether it can stand back above 9.65, overall the key support for the short-term trend is the attention to the price range of 9.65-55.
Ethereum from the daily chart perspective, yesterday's trend was basically consistent with the analysis, the daily line again closed with a small bullish candle along the MA5 daily moving average upwards, the rebound strength is not large but currently can still continue to look for a rebound market, focusing on the 4-hour pullback MA5/10 daily moving average as an entry opportunity for long positions.
Afternoon operation ideas (writing time: 13:00):
BTC: 9.58/around 9.5 light long position, target above 9.7; 9.9/9.88 light short position, target around 9.6
ETH: around 3660/3600 long, target above 3700; short positions follow Bitcoin in sync
Medium to long-term trend: Although Bitcoin had a slight pullback over the weekend, overall it is still showing a bullish trend, in the case of short-term stagnation, it should not be treated as a one-sided market, focusing on 9.65 as the center point for volatility adjustments; Ethereum continues to look for rebound opportunities in the short term, waiting for a pullback to the daily MA5 or 4-hour MA5/10 daily moving average for long position entry points to make waves.
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