Analyst Chen Shu: Midnight Bitcoin and Ethereum Market Strategy on December 6th
On the 2nd, short-term decline focuses on the daily MA10 at 9.95.
In the midday article analysis, a Bitcoin long strategy was given at 10.16/3840. The price fell to 10.14/3820 during the session, and the long strategy was executed at the lowest point. The price reached a maximum of 10.35/3960, achieving a profit of 2000/120 points. Congratulations to those who followed the strategy! Currently, for the slight short-term decline, please see the analysis below.
From the daily chart of Bitcoin, today’s daily candle is a red candle with an upper shadow, and the price strongly stands above the MA5/10 daily moving averages. In the short term, pay attention to the previous high point pressure at 9.9 for a potential pullback. Whether this pressure will turn into support to form a top-bottom conversion position is to be observed. On the 4-hour chart, the short-term has already broken below the MA5 daily moving average, with a possibility of further pullback to the MA10 daily moving average (9.95). Also, pay attention to the MA30 hourly moving average at 9.98, waiting for a pullback to look for long opportunities.
From the daily chart of Ethereum, yesterday’s large bullish candle broke through the daily MA5/10 moving averages, and today the bullish trend continues to stabilize above the MA5 moving average. In the short term, support can be focused on the MA5 moving average. On the 4-hour chart, the overall trend is still maintaining above the MA5 moving average, and the pullback support should focus on the MA5/10 moving averages' performance. The operation should treat pullbacks as long opportunities.
Midnight Operation Thoughts (Written at 01:30):
BTC: Light long positions near 9.95/90, target above 10.1; short positions are not considered for now, waiting for pullback opportunities to go long.
ETH: Light long positions near 3860/3780, target above 3900/4000, can wait for a pullback to catch up on the bullish trend.
Medium to Long-term Trend: Bitcoin has seen a significant increase today, but from the current short-term perspective, the pullback strength is also considerable, basically retracing half of the gains, and it is expected to drop to the 9.95-90 range. However, the overall view remains bullish, paying attention to the short-term pullback strength. Ethereum maintains a strong bullish trend for short-term catch-up, and although there is a pullback, the rebound strength is not weak, so continue to look for long opportunities on pullbacks.
The daily analysis strategy has a very high win rate! Analysis is not easy, so 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 to each one!
For real-time market strategy exchanges and inquiries about market issues, you can follow me, the top-ranked personal KOL in the original (Coin World), providing free guidance and answering trading questions. Everyone is welcome to communicate and exchange ideas!
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。
