Analyst Chen Shu: Bitcoin and Ethereum Market Strategy for December 11 - Both Long and Short Positions Perfectly Profitable, Daytime Outlook is for Consolidation

In the article analysis on December 10, a short position strategy for Bitcoin at 9.8/9.9 was provided. The market rebounded to a high of 9.82 in the evening and then retraced to a low of 9.42 as expected, resulting in a successful profit of 4000 points from the short position. Subsequently, a midnight article analysis provided a long position strategy at 9.45, which perfectly timed the entry, and the long position has now gained another 3000 points. Congratulations to those who followed the trades! For the current short-term rebound and how to operate, please see the analysis below.

From the daily chart of Bitcoin, it has formed two consecutive days of lower shadow candles, retracing to the support at the daily MA30 moving average. In the short term, it has received effective support at the daily MA30 moving average, and the retracement trend has temporarily ended. The current price has reached the resistance levels of the daily MA5/10 moving averages, and we will focus on whether it can rebound and stay above this line during the day. On the 4-hour chart, the price is again rebounding to test the resistance of the MA30/60/120 moving averages. It is expected to oscillate around the 1-hour MA256 moving average at 9.8, so we will focus on the gains and losses around 9.8 in the short term, treating it as a consolidation.

From the daily chart of Ethereum, it has formed two consecutive green candles, and the price has retraced to the daily MA30 moving average. Meanwhile, the MA5/10 moving averages are converging and turning downwards, indicating a clear weak retracement trend in the short term. The key resistance level to watch is whether it can regain the 1-hour MA256 moving average above 3800, as well as the daily MA5/10 moving averages.

Afternoon Trading Strategy (Written at 14:00):

BTC: Light short near 9.86/9.95, target at 9.7; light long near 9.65/9.55, target above 9.8

ETH: Light short near 3780/3850, target around 3700/3650; light long near 3600/3550, target at 3700/3750

Medium to Long-term Trend: Bitcoin is currently holding above the daily MA30 moving average. As mentioned in yesterday's article analysis, as long as it does not completely lose this line, we will not be bearish. Ethereum has a significant retracement, but we also need to first observe the gains and losses of the daily MA30 moving average.

The daily analysis strategy has a very high win rate! Analysis is not easy, so 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 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!

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