Analyst Chen Shu: 12.3 noon BTC, ETH Ethereum market strategy * 1, short-term N-shaped trend continues to look for Whipsaw oscillation

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Analyst Chen Shu: 12.3 noon BTC, ETH market strategy * On the 1st, short-term trend continues to be volatile Whipsaw

On the afternoon of December 2nd, the analysis provided a long position at 9.62/9.53, and the ETH strategy was to go long at 3660/3620. The market rebounded to a high of 9.73/3686, and another long position strategy at 9.55/3550 was given again at midnight. The long position strategy is correct and there will be gains if followed. Currently, in the short term, the market is weak and volatile. Please see the following analysis for how to operate.

From the daily candlestick chart, BTC saw a small shadow green candlestick with prices piercing the MA5/10 moving averages. Currently, in the short term, it has returned above the MA10 daily candlestick moving average. It remains to be seen whether it can hold above the MA10 at 9.57 for the day. Looking at the 4-hour chart, the overall price is currently above the MA120 moving average and below the MA60 moving average. It remains to be seen whether it can break through and stay above the MA30 moving average at 9.65. As for the 1-hour chart, it continues to follow the gains and losses of the MA256 moving average (9.62). The market is expected to continue oscillating and adjusting around 9.62.

Looking at the Ethereum from the daily candlestick chart, yesterday the Candlestick broke below the daily candlestick MA5 moving average, there is a possibility of a pullback to the daily candlestick MA10 moving average during the day, follow the retracement to the MA10 around 3570 for a long order opportunity, on the 4-hour chart, short-term adjustment is around the MA5/10/30 moving averages, follow whether there will be a retracement to the 4-hour MA60 moving average around 3540 during the day.

Midday operation ideas (drafting time: 14:30):

BTC: There are more Light Position around 9.45, with a target above 9.6; Light Position will be short around 9.7/9.78, with a target near 9.6.

ETH: Long near 3540/3580/3600, target above 3700; short order follows Bitcoin synchronously.

medium to long term trend: BTC daily candlestick is still above the MA10 moving average, while short term may retest the 4-hour MA60 moving average, around the 9.4 support level. It is still biased towards oscillation before breaking below 9.4; for Ethereum, it is watching whether it will retest the daily candlestick MA10 moving average, around the 3570 support level.

The win rate of daily analysis strategy is extremely high! Analysis is not easy. I hope everyone can give a free follow, favorite, like, and comment. Thank you all. You are welcome to leave a message below for discussion, and I will reply one by one!

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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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