Analyst Chen Shu: 12.14 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, Bullish Market Continues to Pull Back and Keep Buying

The analysis provided in the afternoon article on 12.13 gave a Bitcoin long position at 9.9/short position at 10.3, and an Ethereum long position at 3850/short position at 4000. The market trend is generally consistent with the article's strategy, with slight differences in points. Please see the following analysis on how to operate in the current short-term high-level consolidation.

Looking at Bitcoin from the daily chart, it closed with a small bullish candle yesterday, stabilizing above the MA5/10-day moving averages. From the daily level, the market has returned to a bullish trend, with a high probability of breaking upward. Continuously monitor the gains and losses of the daily MA/10-day moving average. The 4-hour view shows limited pullback strength; the analysis in yesterday's article expected a pullback to the MA30/60-day moving average, which has yet to reach the 9.9 line. The 4-hour chart is currently running above the MA5/10-day moving averages. If it breaks and stabilizes above 10.2, the likelihood of testing the previous high at 10.4 will increase. Overall, maintain a pullback to buy approach.

Looking at Ethereum from the daily chart, the price has also stabilized above the MA5/10-day moving averages. Although the last two days have closed with upper shadows, approaching the $4000 mark, the short-term pressure has not been able to help break through $4000. Monitor if there will be further opportunities for a rebound. The 4-hour view shows that the short-term has encountered resistance at the 3960 line, with support at the 3900 line.

Afternoon trading thoughts (writing time: 14:30):

BTC: Light long positions near 10.08/9.95, target 10.2/10.3; light short positions above 10.3, target 1-2000 points

ETH: Light long positions near 3905/3850, target 3950/4000; consider short positions above 4000 for short-term trading

Medium to long-term trend: Bitcoin continues to maintain a bullish market; short-term pullbacks are opportunities to buy. There are currently no signals indicating a peak, and the bullish outlook remains unchanged. Ethereum is following Bitcoin's bullish trend, and we can expect some follow-up rebound opportunities; whether it will break and stabilize above $4000 is yet to be seen.

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