Analyst Chen Shu: 12.3 midnight Bitcoin and Ethereum market strategy * No. 2, the long-order strategy correctly fell back and rebounded to continue to maintain a volatile trend
The midday analysis on December 2 gave a long order at 9.62/9.53 and a long order strategy for Ethereum at 3660/3620. After a correction to 9.5/3580 during the day, it stopped falling and rebounded. The current market has rebounded to 9.73/3686. If the long order idea is correct and you follow the strategy, you will gain something. For how to operate the short-term pullback and rebound, please see the following analysis.
Judging from the daily chart of Bitcoin, today's market trend 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. Looking at the 4-hour chart, today's price fell back and pierced the MA30/60-day moving average support and then returned to above this line, forming a V-shaped reversal in the short term. The 1-hour level also fluctuated around the MA256-day moving average. It is currently back above the 9.65 line and is treated as a short-term oscillation.
From the Ethereum daily chart, the intraday pullback pierced the daily MA5 moving average (3650), and the current price is oscillating around the 5-day moving average, pay attention to whether the midnight market can consistently stabilize above this line; at the 4-hour level, we watch whether it can stabilize above the MA30 moving average. Currently, short-term rebounds face resistance around 3680, if it breaks and stabilizes, it will continue upward to 3730-50.
Midnight operation strategy (writing time: 00:30):
BTC: Light long positions near 9.64/9.55, target above 9.7; light short positions near 9.9/9.88, target around 9.6.
ETH: Long around 3640/3600/3550, target above 3700; short positions follow Bitcoin synchronously.
Medium to long-term trend: Bitcoin mainly oscillates around 9.65 during the day, if the daily line stays above the MA5/10 day moving average, we continue to view it as oscillating with a bullish bias. Although it is stagnating, it does not mean a short-term bearish trend; Ethereum's daily line is currently still above the MA5/10 day moving average, so we continue to look for a rebound, waiting for a pullback opportunity to enter long.
Daily analysis strategy with a high win rate! Analysis is not easy, I hope everyone gives a free follow, bookmark, like, and comment, thank you all, and feel free to leave messages below for discussion, I will reply to each one!
For real-time market strategy exchanges and consulting on market issues, you can follow me, the top-ranked personal KOL and major influencer in the original (Coin World), providing free guidance and answering trading questions, welcome everyone to communicate!
