Analyst Chen Shu: 12.6 Afternoon Bitcoin and Ethereum Market Strategy * 1, Pinning Explosion Contract Short Term Again Falls into Fluctuation and Consolidation

In the afternoon article on December 5, a Bitcoin 10.16/3840 long position strategy was provided. The intraday price fell to 10.14/3820, and the long position strategy entered at the lowest point. The intraday high reached the target point of 10.35/3960, with a profit of 2000/120 points. Congratulations to friends who followed the strategy! Currently, after the pinning, how to operate with a slight rebound, please see the following analysis.

From the daily chart of Bitcoin, yesterday closed with a green K-line with long upper and lower shadows, deeply pinning to the daily MA30 moving average line. This is also the first time since this bull market that it has touched the daily MA30 moving average. Currently, the price has rebounded again above the MA5/10 moving averages. The focus is on whether it can maintain stability above the daily MA5/10 moving averages; on the 4-hour chart, the current price is maintained below the 5/10 moving averages and above the 30/60 moving averages, returning to the previous fluctuation range around 9.8. The intraday operation should be treated as a range fluctuation first.

From the daily chart of Ethereum, yesterday also closed with a cross star with upper and lower shadows, and the price retraced to the daily MA10 moving average. Today, the price rebounded and returned to the high point of 3900, also synchronously standing above the daily MA5/10 moving averages; on the 4-hour chart, after retracing to the MA60 moving average yesterday, it has now closed above the 4-hour MA5/10 moving averages, and the short-term has returned to a bullish market. It is recommended to go long on the retracement.

Afternoon operation ideas (writing time: 13:00):

BTC: Light long near 9.72/9.62 million, target above 9.9; light short near 9.95/10.05, target 9.7/9.6

ETH: Light long near 3870/3780, target above 3900/4000, short positions follow Bitcoin synchronously, mainly doing long on the pullback.

Medium to long-term trend: Although Bitcoin has a large pin, it is still a bullish trend from the market perspective. The daily line is currently above the MA5/10 moving averages, and the 4-hour line has not lost the MA120 moving average. There is no rush to look for shorts until a clear top is seen; Ethereum is showing relatively strong performance, continue to look bullish on Ethereum and wait for pullback opportunities to go long.

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