Analyst Chen Shu: 12.9 Midnight Bitcoin, Ethereum Market Strategy * No. 2, Perfect Profit on Long Orders, Continue to Look for Bullish Market
The article analysis on December 8th provided Bitcoin long order strategy at 9.86/9.75, and Ethereum at 3920/3860 for long orders. The long orders perfectly entered at the lowest points and rose to a maximum of 10.5/4000, achieving a profit of 2000/70 points. Congratulations to friends who followed the operation. Currently, for short-term narrow fluctuations, please see the analysis below.
Bitcoin's intraday lowest retracement was at 9.86, which coincidentally is at the 1-hour MA120 moving average and the 4-hour MA30 moving average. This is basically consistent with what was mentioned in the noon article. Although it is mainly a narrow fluctuation during the day, the overall trend remains bullish. Pay attention to opportunities for pullbacks to go long, with long entry points still referencing the 4-hour MA30 moving average and the 1-hour MA120 moving average, which is below 9.9.
Ethereum today retraced to the daily MA5 moving average and held. Although the daily chart has recorded two consecutive doji candlesticks, the price has not lost the MA5 moving average. The overall market still maintains a bullish trend; looking at the 4-hour chart, the price oscillates narrowly around the MA5/10 moving averages. For long entry points on pullbacks, refer to the daily MA5 moving average at around 3930, with support referencing the 4-hour MA30 moving average at around 3900.
Midnight operation thoughts (writing time: 02:00):
BTC: Light long positions near 9.9/9.78, target above 100,000; try to consider light short positions around 102,000, target 99,000.
ETH: Light long positions near 3930/3860, target 4080, short positions follow Bitcoin synchronously, mainly focusing on going long on pullbacks.
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