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Cryptocurrency trading strategy analysis: Bitcoin and Ethereum night trading ideas
Introduction: As the volatility of the cryptocurrency market increases, investors' attention to Bitcoin (BTC) and Ethereum (ETH) continues to rise. This article will review the market on December 2, and combine the current technical analysis to provide investors with midday operation ideas and medium- and long-term trend analysis.
1. Market Review
On December 2, the market of Bitcoin and Ethereum experienced some fluctuations. The 9.62/9.53 long-order strategy given in the midday analysis and the long-order strategy ideas of Ethereum 3660/3620 were verified by the market. The market rebounded to 9.73/3686 at the highest, and the 9.55/3550 long-order strategy given again at midnight also showed its correctness. For investors who follow the strategy, there is no doubt that there are gains. However, the short-term market is currently showing a weak and volatile trend, and investors need to operate more cautiously.
2. Technical Analysis
Bitcoin Technical Analysis
From the daily chart, Bitcoin received a green K-line with small upper and lower shadows yesterday. The price once pierced the MA5/10 daily moving average, but now it has returned to the upper side of the daily MA10 daily moving average, which is around 9.57. Investors need to pay attention to whether the price can continue to hold this key support level during the day.
On the 4-hour chart, the overall price of Bitcoin remains above the MA120-day moving average and below the MA60-day moving average. Investors need to pay attention to whether the price can break through and stabilize above the MA30-day moving average, which is around 9.65. On the 1-hour chart, it is necessary to pay attention to the gains and losses of the MA256-day moving average (9.62). It is expected that the market will fluctuate around 9.62.
Ethereum Technical Analysis
The daily chart of Ethereum shows that after yesterday's K-line pierced the daily MA5-day moving average downward, there is a possibility of a callback to the daily MA10-day moving average, that is, the 3570 line. Investors can pay attention to this opportunity to step on the long order.
On the 4-hour chart, Ethereum is oscillating around the MA5/10/30-day moving average in the short term. Investors need to pay attention to whether it will fall back to the 4-hour MA60-day moving average, which is the 3540 line.
3. Lunchtime Operation Thoughts (Writing Time: 19:00)
Bitcoin (BTC) Operation Ideas
Long position strategy: Go long with a light position around 9.45/9.4, with the target above 9.6.
Short order strategy: short with a light position at 9.68/9.73, with the target around 9.5.
Ethereum (ETH) Operational Ideas
Long strategy: Go long around 3540/3560, with the target above 3650.
Short position strategy: follow the operation of Bitcoin.
4. Medium and long-term trend analysis
Bitcoin medium and long-term trend On the Bitcoin daily chart, the price remains above the MA10 daily moving average, and in the short term it may fall back to the 4-hour MA60 daily moving average, which is 9.4. Before falling below 9.4, the market will remain volatile and bullish.
Ethereum's medium- and long-term trend Ethereum needs to pay attention to whether the daily MA10 line, that is, the 3570 line, can be defended. The gain or loss of this support level will have an important impact on the medium- and long-term trend of Ethereum.
5. Market sentiment and risk management
In the current market environment, investors need to remain cautious and pay close attention to changes in market sentiment. Due to the high volatility of the cryptocurrency market, investors should allocate funds reasonably and avoid over-concentration of investment to reduce risks. At the same time, setting a stop loss point is an important part of risk management, which can help investors exit in time when the market is unfavorable and reduce losses.
VI. Conclusion
In summary, the short-term market of Bitcoin and Ethereum shows a weak and volatile trend. Investors should combine technical analysis when operating and pay attention to the gains and losses of key support and resistance levels. At the same time, reasonable fund management and risk control are the key to successful investment. In the medium and long-term trend, both Bitcoin and Ethereum show certain support, but market sentiment and macroeconomic factors may still have an impact on prices. Investors should remain vigilant and flexibly adjust their operating strategies.
