Analyst Chen Shu: Bitcoin and Ethereum market strategy at midnight on December 3 * No. 2, the long-order strategy is correct and the rebound continues to maintain a volatile trend
The midday analysis on December 2 gave a long order of 9.62/9.53 and a long-order strategy of Ethereum at 3660/3620. After the intraday correction to 9.5/3580, it rebounded. The current market rebounded to 9.73/3686. The long-order idea is correct. If you follow the strategy, you will gain something. Please see the following analysis for how to operate the short-term rebound.
From the daily chart, Bitcoin's market trend today is basically consistent with the analysis in the article, but the short-term price pierced the daily MA10-day moving average. It has now fallen back and rebounded and closed above the MA5/10-day moving average. Pay attention to whether it will continue to remain above the MA5/10-day moving average. In the 4-hour chart, today's price fell back and pierced the MA30/60-day moving average support and then returned to the line again. It has a V-shaped reversal in the short term. The 1-hour level also fluctuated around the MA256-day moving average. It has now returned to the 9.65 line again. The short-term is treated as a fluctuating bullish.
From the daily chart, Ethereum's intraday correction pierced the daily MA5-day moving average (3650). The current price is fluctuating and adjusting at the 5-day moving average. Pay attention to whether the midnight market can continue to stabilize above this line; at the 4-hour level, see whether it can stabilize above the MA30-day moving average. The current short-term rebound is under pressure at the 3680 line. If it breaks through and stabilizes, it will continue to rise to 3730-50
Midnight operation ideas (writing time: 00:30):
BTC: light long positions near 9.64/9.55, target above 9.7; light short positions at 9.9/9.88, target near 9.6
ETH: long positions near 3640/3600/3550, target above 3700; short positions follow Bitcoin
Medium and long-term trends ：Bitcoin fluctuates around 9.65 during the day. If the daily line remains above the MA5/10 daily moving average, it can continue to be viewed as oscillating and bullish. Although it is stagflation, it does not mean short-term bearish; Ethereum's daily line currently continues to remain above the MA5/10 daily moving average, so continue to look at the rebound market and wait for the callback opportunity to take more.
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