12.3 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, Short-term N-shaped trend continues to look for volatile consolidation
The analysis on December 2nd provided long positions at 9.62/9.53, and Ethereum long positions strategy at 3660/3620. The market rebounded to a maximum of 9.73/3686, and at midnight, a long position strategy was again given at 9.55/3550. The long position strategy was correct, and those who followed the strategy would have gained something. Currently, for the weak short-term volatility, 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 K-line, the price pierced through the MA5/10 day moving averages. Currently, the short-term has returned above the daily MA10, paying attention to whether it can continue to hold above MA10 at 9.57; on the 4-hour chart, the overall price is currently maintaining above the MA120 daily moving average, below the MA60 daily moving average, focusing on whether it can break and stand above the MA30 daily moving average at 9.65. On the 1-hour chart, continue to pay attention to the gains and losses of the MA256 daily moving average (9.62), and it is expected that the market will still maintain a volatile adjustment around 9.62.
From the daily chart of Ethereum, after the K-line pierced down through the daily MA5 moving average yesterday, there is a possibility of a pullback to the daily MA10 moving average today. Focus on the pullback to MA10 at the 3570 level for long position opportunities. On the 4-hour chart, the short-term is fluctuating around the MA5/10/30 daily moving averages, and pay attention to whether it can pull back to the 4-hour MA60 moving average at the 3540 level.
Afternoon operation strategy (writing time: 14:30):
