Analyst Chen Shu: Midnight Bitcoin and Ethereum Market Strategy on 12.21 * No. 2, focus on breaking and stabilizing above the 9.85 resistance level after a deep drop and rebound.
In the article analysis on the afternoon of 12.20, a short position was given at 100,000/3,500, but the entry point for the short position was not reached. A long position was suggested at 9.4/3,200, and the long position has currently rebounded with a profit of 3,000/180 points. Congratulations to friends who followed the long position operation! For how to operate in the current short-term drop and rebound, please see the analysis below.
From the daily chart of Bitcoin, today it is currently forming a long lower shadow doji. The key position on the daily chart is at the MA30 moving average, which is at the 9.85 level. If the price can close above this line, then the short-term one-sided decline will come to an end and enter a consolidation phase. Conversely, it will continue the correction trend. Looking at the 4-hour chart, today the market fell below the MA256 moving average at the 9.52 level, and it has now rebounded back above this line. The short-term support will depend on the gains and losses of this line.
From the daily chart of Ethereum, today there was a significant drop, with the price once piercing the daily MA60 moving average at the 325 level, dropping to a low of around 3,100, and is about to touch the daily MA256 moving average. The weekly level also pierced the MA10 moving average, indicating weakness in the short term. The resistance level to watch is the 4-hour MA256 moving average at the 3,520 level, focusing on whether it can stabilize above this line.
Midnight Operation Thoughts (Written at: 00:30):
BTC: Current price 9.75 light long position, add to long at 9.6, target around 9.9; short with stop loss at 9.95/10.15, target looking for 2-3,000 points.
ETH: Current price 3,390 light long position, add to long at 3,320, target around 3,500; short with stop loss at 3,560/3,630, target 1-150 points.
Medium to Long-term Trend: For Bitcoin, focus on whether the price can close above the daily MA30 moving average at 9.85. If it holds, we will see weak consolidation; otherwise, a significant correction may occur. For Ethereum, pay attention to the support at 3,250/3,080. If touched, it is expected to rebound, and we will assess the strength of the rebound.
The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below for discussion; I will reply one by one!
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