Analyst Chen Shu: Midnight Bitcoin and Ethereum Market Strategy on 12.19 * No. 2, Short-term Narrow Fluctuations Focus on Daily MA10 Moving Average
In the article on the afternoon of 12.18, a short position was given at 10.5/3880. The evening market rebounded and retraced as expected, with a small profit of 1400/50 points on the short position. Congratulations to those who followed the strategy. For the current short-term narrow fluctuations, please see the analysis below.
From the daily chart of Bitcoin, today closed with a small bearish candle, and the price retraced to the daily MA5 moving average. Pay attention to the situation around the MA5 moving average at 10.44. If it fails to hold, look for a retracement to the MA10 moving average at around 10.2. On the 4-hour chart, the price retraced to the MA30 moving average. As analyzed in the afternoon article, the short-term adjustment is fluctuating around the MA30 moving average, which is near 10.4, and this is also supported by the 1-hour MA120 moving average. Focus on the level of 10.4, and the operation should mainly be to buy on retracement.
From the daily chart of Ethereum, yesterday closed with a solid bearish candle, and today the daily chart is again closing bearish. The intraday market is fluctuating and adjusting between the MA5/10 moving averages, focusing on the MA10 moving average at around 3850. If it fails to hold, the short-term may continue to retrace to the levels of 3780/3660, while also paying attention to the support of the 4-hour MA120 moving average at around 3820.
Midnight Operation Thoughts (Written at: 00:30):
BTC: Light long positions near 10.2/10.1, target above 10.35; consider short positions near 10.45 looking for 10.2.
ETH: Light long positions near 3780/3700, target 3850; consider short positions near 3880 looking for 3750.
Medium to Long-term Trend: Although Bitcoin has shown a short-term retracement, from the daily perspective, the price still remains above the MA10 moving average. The retracement can only be considered a correction, and as long as this level is not completely lost, continue to look bullish; for Ethereum, the outlook remains bullish as well, although the depth of the retracement may be deeper, it does not affect the overall bullish direction.
The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below for discussion; I will reply one by one!
For real-time market strategy communication and consultation on market issues, you can follow me, the top-ranked personal KOL in the original (Coin World), providing free guidance and answering trading questions. Welcome everyone to communicate and exchange!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
