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Cryptocurrency Trading Strategy Analysis: Bitcoin and Ethereum Evening Operation Ideas
Introduction: As the volatility of the cryptocurrency market increases, investors' attention to Bitcoin (BTC) and Ethereum (ETH) continues to rise. This article will review the market situation on December 2 and provide investors with afternoon operation ideas and medium to long-term trend analysis based on current technical analysis.
1. Market Review
On December 2, the market for Bitcoin and Ethereum experienced some fluctuations. The long position strategy of 9.62/9.53 for Bitcoin and the long position strategy of 3660/3620 for Ethereum provided in the afternoon analysis were validated by the market. The market rebounded to a high of 9.73/3686, and the long position strategy of 9.55/3550 given at midnight also demonstrated its correctness. Investors who followed the strategy undoubtedly gained. However, the short-term market is currently showing a weak oscillation trend, and investors need to operate more cautiously.
2. Technical Analysis
Bitcoin Technical Analysis
From the daily chart, Bitcoin formed a small shadow green K-line yesterday, with the price briefly breaking through the MA5/10-day moving average. However, it has now returned to above the daily MA10-day moving average, around 9.57. Investors need to pay attention to whether the price can maintain this key support level throughout the day.
On the 4-hour chart, Bitcoin's overall price remains above the MA120-day moving average while being below the MA60-day moving average. Investors need to watch whether the price can break through and stabilize above the MA30-day moving average, around 9.65. On the 1-hour chart, attention should be paid to the MA256-day moving average (9.62) and its fluctuations, with the market expected to oscillate around 9.62.
Ethereum Technical Analysis
The daily chart for Ethereum shows that the K-line broke down through the daily MA5-day moving average yesterday, and there is a possibility of a pullback to the daily MA10-day moving average, around 3570. Investors can look for this pullback as a long position opportunity.
On the 4-hour chart, Ethereum is oscillating around the MA5/10/30-day moving averages. Investors need to pay attention to whether there will be a pullback to the 4-hour MA60-day moving average, around 3540.
3. Afternoon Operation Ideas (Written at: 19:00)
Bitcoin (BTC) Operation Ideas
Long Position Strategy: Lightly go long around 9.45/9.4, targeting above 9.6.
Short Position Strategy: Lightly go short at 9.68/9.73, targeting around 9.5.
Ethereum (ETH) Operation Ideas
Long Position Strategy: Go long around 3540/3560, targeting above 3650.
Short Position Strategy: Follow Bitcoin's operations.
4. Medium to Long-Term Trend Analysis
Bitcoin Medium to Long-Term Trend: On the daily chart, the price remains above the MA10-day moving average, with a potential pullback to the 4-hour MA60-day moving average, around 9.4. As long as it does not fall below 9.4, the market will maintain a bullish oscillation trend.
Ethereum Medium to Long-Term Trend: Ethereum needs to pay attention to whether it can hold the daily MA10-day moving average, around 3570. The loss or gain of this support level will have a significant impact on Ethereum's medium to long-term trend.
5. Market Sentiment and Risk Management
In the current market environment, investors need to remain cautious and closely monitor changes in market sentiment. Due to the high volatility of the cryptocurrency market, investors should allocate funds reasonably and avoid excessive concentration of investments to reduce risk. Additionally, setting stop-loss points is an important part of risk management, helping investors exit in unfavorable market conditions to minimize losses.
6. Conclusion
In summary, the short-term market for Bitcoin and Ethereum is showing a weak oscillation trend. Investors should combine technical analysis when operating, paying attention to the loss or gain of key support and resistance levels. Additionally, reasonable fund management and risk control are key to successful investing. In the medium to long-term trend, both Bitcoin and Ethereum show certain support, but market sentiment and macroeconomic factors may still impact prices. Investors should remain vigilant and flexibly adjust their operating strategies.
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