Analyst Chen Shu: 1.1 Afternoon Bitcoin and Ethereum Market Strategy * 1, yesterday's strategy remains effective, continue to watch for fluctuations and adjustments during the day.
On December 31, the afternoon article analysis provided Bitcoin and Ethereum long and short strategies. Bitcoin long positions at 9.25/9.2 successfully entered the market and rebounded to a maximum of 9.6, capturing 3500 points. Ethereum long positions also captured 100 points simultaneously. Subsequently, Ethereum short at 3430 captured another 100 points. Congratulations to the friends who followed the operations. Currently, for short-term fluctuations, please see the analysis below.
From the daily chart of Bitcoin, yesterday closed with a red candlestick with an upper shadow. After the price pierced above the MA5/10-day moving averages, it was unable to break through and stabilize, returning to the fluctuation range. The lower MA60-day moving average at 9.33 serves as the current key support level for short-term trading. As long as it does not completely break this level, it can still be used as an entry point for short-term long positions; on the 4-hour chart, yesterday's price rebounded to the MA60-day moving average before retreating again. On the 1-hour level, it rebounded to the MA256-day moving average before falling back. There is significant pressure from the various moving averages above, so for operations, treat it as a range.
From the daily chart of Ethereum, yesterday again closed with a doji star. With the continuous adjustment of the MA60-day moving average, the price of Ethereum has currently fallen below the various moving averages for the short term. If it cannot regain its position above this line, then the short-term will continue to maintain a weak fluctuation trend; on the 4-hour chart, it is continuously fluctuating around the 3380 level, paying attention to the breakout direction of the fluctuations.
Afternoon operational thoughts (writing time: 14:00):
BTC: Light short at 9.52, add to short at rebound to 9.6, target around 9.3; below 9.3-9.15, take a light long with a stop loss, looking for a rebound of 2-3000 points.
ETH: Treat the range of 3300-3430 for high selling and low buying during the day.
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