Analyst Chen Shu: 12.16 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, significant profits from long positions, continue to buy on intraday pullbacks
The analysis from the afternoon article on 12.15 provided a Bitcoin long position at 10.16 and an Ethereum long position at 3870. The lowest intraday market pullback was to 10.15/3830, perfectly timed for buying with maximum profits of 5000/200 points. Congratulations to friends who followed the operation. For how to operate on the short-term rise and fall, please see the following analysis.
From the daily chart, Bitcoin formed a small bullish candle yesterday along the MA5/10 daily moving averages. Today's price continues to rise to a high point of 10.66, and the overall daily trend remains bullish; looking at the 4-hour chart, the price is breaking up above previous high resistance along the MA5/10 daily moving averages. Pay attention to buying opportunities on pullbacks to the 5/10 daily moving averages. On the 1-hour chart, focus on whether the MA10 daily moving average (10.45) acts as effective short-term support after the rise and fall. In operation, continue to maintain buying on pullbacks.
From the daily chart, Ethereum also formed a bullish candle yesterday, with the overall price remaining above the MA5/10 daily moving averages. Although it briefly broke above 4000 USD, it could not hold. Today, pay attention to the breakout and stabilization of the 4000 level. If it stabilizes, it will continue to rise and break the previous high of 4090, or wait for a补涨 opportunity.
Afternoon operational thought (writing time: 14:00):
BTC: Light long near 10.4/10.25, target above 10.5
ETH: Light long near 3920/3880, target above 4000
Medium to long-term trend: Bitcoin continues to maintain a bullish market, with short-term pullbacks being opportunities to buy. There is currently no top signal, and the bullish outlook remains unchanged; Ethereum, while Bitcoin maintains a bullish trend, can look forward to subsequent补涨 opportunities, wondering if it will stabilize at 4000 USD.
The daily analysis strategy has a high winning rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!
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