Analyst Chen Shu: Bitcoin and Ethereum market strategy at noon on December 4 * No. 1, the range-oscillating market focuses on the stabilization of 9.6
The analysis at noon on December 3 gave a long order at 9.45 and a long order strategy for Ethereum at 3540/3580. In the evening, a short order at the current price of 9.54 was given. The short order successfully fell to the target point and made a profit of 1,500 points. Subsequently, the long order at noon analysis of 9.45/3540 also successfully rebounded to 9.66/3700, and the long and short profits exceeded 3,000 points. Please see the following analysis for how to operate the short-term upward rebound.
From the daily chart, Bitcoin received a lower shadow cross star yesterday, and the price closed above the MA10 daily moving average. The price did not completely fall below the MA5/10 daily moving average. In the 4-hour chart, it fell back to the MA120 daily moving average yesterday and then held. The price once again came to the MA30 daily moving average, which is the pressure level of 9.65. Pay attention to whether today's market can stand above 9.65. At the 1-hour level, it depends on whether the breakthrough and retracement of the MA256 daily moving average, which is 9.6, can be maintained. If the short-term needs to return to the bullish trend, it needs to stand firmly in the 9.6-65 price range, otherwise it will continue to fluctuate and adjust.
From the daily chart, Ethereum pierced the MA10 daily moving average yesterday but did not actually break this line. Today, the price rebounded slightly and recovered the daily MA5/10 daily moving average again. At the 4-hour level, several red K lines were collected continuously and stood above the MA30 daily moving average again. The pressure level refers to the high point of the previous pullback at 3730.
Lunch operation ideas (writing time: 15:00):
BTC: light long near 9.62/9.55, target above 9.7; light short at 9.8/9.75, target near 9.6
ETH: light long near 3650/3600, target 3700/3750; short orders can be synchronized with Bitcoin for short-term trading
Medium- and long-term trends: Bitcoin is still bullish if it does not lose the short-term support of 9.45. Although there are short-term long and short divergences, it is still treated as oscillating and bullish before the key support is lost; Ethereum held the support band of 3550 mentioned yesterday, and the short-term strengthened again, but the strength of the rebound was slightly slower, and the short-term was still treated as a band bullish.
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