Analyst Chen Shu: 12.15 Afternoon Bitcoin and Ethereum Market Strategy * 1, Long Position Perfectly Profitable Trend Continues to Look Bullish
The analysis given in the afternoon article on 12.14 provided a Bitcoin long position at 10.08 and an Ethereum strategy at 3900/3850. After the overnight pullback, it was a perfect entry, with the long position perfectly timed for a profit of 2000/50 points. Congratulations to those who followed the operation. Currently, for short-term narrow fluctuations, please see the analysis below.
From the daily chart, Bitcoin's overall price remains above the MA5/10 moving averages and is consolidating at the short-term resistance level around 10.2. A breakout to the upside is highly likely, with clear bullish signs on the daily chart; on the 4-hour chart, the overall price is moving upward around the MA5/10 moving averages. Although the short-term has faced resistance multiple times at the 10.2 level, the pullback strength is limited. The 1-hour level also tests upward along the moving averages, focusing on the breakout stability at the price range of 10.2-03.
From the daily chart, Ethereum's price has returned above the MA5/10 moving averages but has not encountered a rebound opportunity. The overall price is pressured at the 4000 level. The next bullish rebound still focuses on the stability of the breakout at the 4000 USD whole number level. On the 4-hour chart, the price has pulled back to the MA30 moving average and is facing a rebound, focusing on the subsequent breakout situation at the resistance levels of 3950-4000.
Afternoon Operation Strategy (Drafting Time: 13:30):
BTC: Light long positions near 10.16/10.05, target above 10.3; consider short positions above 10.4
ETH: Light long positions near 3870/3820, target 3950/4000 level; consider short positions for short-term trades above 4000
Medium to Long-term Trend: Bitcoin continues to maintain a bullish market, and the short-term pullbacks are opportunities to go long. There are no signals of a top in the short-term, and the bullish outlook remains unchanged; Ethereum, while Bitcoin maintains a bullish trend, can expect subsequent rebound opportunities. The question remains whether it will break and stabilize above 4000 USD.
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