Analyst Chen Shu: Midnight Bitcoin and Ethereum Market Strategy on 12.10 * No. 2, Short-term Re-test Focus on 9.8 Support Levels

In the analysis article on the afternoon of 12.9, a Bitcoin long position strategy was given at 9.78/9.7, and an Ethereum long position at 3900/3840. The evening market saw a minimum pullback to 9.8/3840 before rebounding to 10.4/3950. The long position strategy was effective, and those who followed it made a profit of 2400/100 points. Congratulations to those who participated in the operation. Currently, for the short-term rapid decline, please see the analysis below.

From the daily chart of Bitcoin, the price quickly fell in the evening and has currently pierced the daily MA10 moving average (9.8) without stopping the decline. Pay attention to whether it can regain the 9.8 level tonight; on the 4-hour chart, the price peaked at 10.4 in the evening, pierced the 4-hour MA30 moving average but failed to stabilize above this level. The price is about to re-test the MA120 moving average (9.7). Focus on the support levels at 9.7; if this level is completely lost, there is a possibility of further re-testing the daily MA30 moving average (9.45). Conversely, observe the strength of the rebound.

From the daily chart of Ethereum, the overall trend is consistent with the afternoon analysis. The price has re-tested the daily MA10 moving average at 3820 and is currently holding this support level. Pay attention to whether this support level remains effective in the future, relying on this support to rebound upwards. For short-term support, focus on the 4-hour MA60 moving average (3805) and the 1-hour MA256 moving average (3780).

Midnight Operation Thoughts (Written at: 01:00):

BTC: Light long positions near 9.78/9.7, target above 9.9; consider light short positions above 10, targeting 9.9.

ETH: Light long positions near 3820/3780, target around 3900, short positions follow Bitcoin synchronously, mainly focusing on long positions during pullbacks.

Medium to Long-term Trend: Bitcoin has currently re-tested the MA10 moving average during the day. Pay attention to whether the price further declines and completely loses this level. The current trend remains bullish until it is completely lost; Ethereum has also short-term re-tested the daily MA10 moving average. Focus on whether it can rely on this level to welcome another opportunity for a rebound. The trend is currently still bullish.

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