Analyst Chen Shu: 11.30 noon Bitcoin and Ethereum market strategy * No. 1, yesterday's strategy was correct and continued to be treated as a shock during the day
The analysis at noon on November 29 gave the long strategy idea of 9.53/3520. The long orders were almost within the entry point. Then the short order idea of 9.8/9.88 was given. It rebounded to 9.86 at the highest and then pulled back to 9.62. If the long and short ideas are correct and there is room for profit if you keep up, please see the following analysis for how to operate above the current price of 9.6.
Looking at the daily chart of Bitcoin, a small positive line was closed yesterday, and the price once again stood above the MA5/10 daily moving average. The weak correction trend in the previous few days has turned into a volatile consolidation. Continue to pay attention to the gains and losses of the MA5/10 daily moving average of the daily line; in the 4-hour chart, the price rebounded slightly yesterday and stood above each moving average. Today, it has again made a short-term slight correction to the 4-hour MA60 daily moving average. At the 1-hour level, it is still oscillating around the MA256 daily moving average. If it falls back and touches this line again, you can still try to go long with a light position to see a rebound. Pay attention to the support gains and losses of this line.
Looking at the daily chart of Ethereum, after receiving a doji yesterday, it has another opportunity to make up for the rise today and break through the high of 3700. The upward trend is obvious at the daily level. If it falls back to the MA5-day moving average, it will continue to wait for a pullback and go long. At the 4-hour level, it will hold the MA5/10-day moving average upward. It is suggested to still go long if it falls back to this line.
Lunchtime operation ideas (writing time: 15:30):
BTC: light long position around 9.63/9.53, target above 9.8; light short position at 9.9/9.88, target around 9.6
ETH: Long around 3645/3600, target above 3700; short positions follow Bitcoin
Medium- and long-term trends: Before Bitcoin completely loses the 1-hour MA256 daily moving average (9.6), it will maintain a volatile upward trend and a false break will not be considered. Ethereum, on the other hand, will see a compensatory rally in the short term and is relatively strong in the short term, and is expected to continue to rise and test the $4,000 mark.
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