Analyst Chen Shu: 12.3 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, short-term N-shaped trend continues to watch for turbulence and consolidation.
Afternoon analysis on December 2nd gave a long position at 9.62/9.53, Ethereum long position strategy at 3660/3620, the market rebounded to a high of 9.73/3686, and at midnight again gave a long position strategy at 9.55/3550, the long position idea is correct and if you followed the strategy, you would have gained. Currently, for short-term weak oscillation, please see the following analysis for how to operate.
From the daily chart of Bitcoin, yesterday's daily line closed with a small upper and lower shadow green candlestick, the price pierced the MA5/10-day moving average, and currently, the short-term has returned above the daily MA10. Pay attention to whether it can continue to hold above MA10, which is 9.57; the 4-hour view shows that the overall price is currently above the MA120-day moving average and below the MA60-day moving average. Pay attention to whether it can break and stand above the MA30-day moving average, which is above 9.65. The 1-hour view continues to focus on the MA256-day moving average (9.62) situation, and it is expected that the market will still maintain oscillations around 9.62.
From the daily chart of Ethereum, yesterday's candlestick pierced down through the daily MA5 moving average, and there is a possibility of a pullback to the daily MA10 moving average during the day. Pay attention to the pullback opportunity for long positions at MA10, which is around 3570. The 4-hour view shows that the short-term is oscillating around the MA5/10/30-day moving averages, pay attention to whether it pulls back to the 4-hour MA60 moving average, which is around 3540.
Afternoon operational ideas (writing time: 14:30):
BTC: Light long position around 9.45, target above 9.6; light short positions at 9.7/9.78, target near 9.6.
ETH: Long positions near 3540/3580/3600, target above 3700; short positions follow Bitcoin synchronously.
Medium to long-term trend: Bitcoin's daily line is still maintaining above the MA10-day moving average, while the short-term may pull back to the 4-hour MA60-day moving average at around 9.4. As long as it does not fall below 9.4, it still maintains a bullish oscillation; Ethereum will look to see if it can hold the MA10-day moving average at around 3570.
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