12.1 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, narrow fluctuations focus on the 9.65-9.55 range gains and losses
On November 30, the afternoon analysis gave 9.63/9.53, Ethereum 3645/3600 long position strategy idea, the long position successfully entered Bitcoin with a maximum profit of 1000 points, Ethereum with a profit of 100 points, congratulations to friends who followed the operation, currently the short-term continues to maintain a fluctuating trend. For how to operate, please see the following analysis.
From the daily chart, Bitcoin yesterday Saturday formed a small bearish line and retraced to the daily MA10 moving average. Today during the day, it continues to slightly retrace 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 retraced and returned to below the 4-hour MA60 daily moving average. There is a possibility of retracing to the MA30 daily moving average (9.55) during the day. Looking at the 1-hour level, with the continuous rise of the MA256 daily moving average, it has fallen below this line again in the morning session, focusing on whether it can stand back above 9.65. Overall, the key support for the short-term trend is to focus on the gains and losses of the 9.65-55 price range.
From the daily chart, Ethereum's trend yesterday was basically consistent with the analysis, the daily line once again formed a small bullish line along the MA5 daily moving average upwards. Although the rebound strength is not large, it can still continue to look for rebound opportunities. Focus on the 4-hour pullback MA5/10 daily moving average as an entry long position opportunity.