Analyst Chen Shu: 12.3 midnight BTC, Ethereum market strategy * 2, long order strategy correctly fell back, Rebound continues to maintain oscillating trend.



The midday analysis on December 2nd gave a long position of 9.62/9.53 and ETH 3660/3620 long position strategy. The intraday pullback to 9.5/3580 will stop falling and rebound. The current market has rebounded to the highest at 9.73/3686. The long position strategy is correct and will be rewarding if followed. Please refer to the following analysis for the current short-term pullback and rebound operation.

From the daily candlestick chart, BTC's trend today is basically consistent with the analysis in the article. However, in the short term, the price broke through the MA10 moving average of the daily candlestick, and currently rebounded back above the MA5/10 moving average, whether it will continue to stay above the MA5/10 moving average. Looking at the 4-hour chart, today's price fell below the MA30/60 moving average support and then returned above this line. A V-shaped reversal has emerged in the short term, and the 1-hour chart is also oscillating around the MA256 moving average for adjustment. Currently, it is back above the 9.65 level, and the short term is treated with a bias towards being long in oscillation.

From the daily candlestick chart, Ethereum intraday pullback pierced the daily candlestick MA5 (3650) and the price is currently oscillating around the 5-day moving average, following whether the midnight market can sustainably hold above this line; On the 4-hour timeframe, it depends on whether it can hold above the MA30 moving average. Currently, the short-term rebound faces resistance at the 3680 level. If it breaks through and holds steady, it will continue to rise towards 3730-50.

Midnight Operation Ideas (Drafting time: 00:30):

BTC: Light Position is more around 9.64/9.55, with a target above 9.7; Light Position is short around 9.9/9.88, with a target around 9.6.

ETH: Long near 3640/3600/3550, target above 3700; short order follows Bitcoin synchronously

medium to long term trend: BTC mainly oscillates around 9.65 in the intraday, and the daily candlestick remains above the MA5/10 moving average, so it can be viewed as an oscillation with a bullish bias. Although there is a rise, it does not mean a short-term downtrend; the daily candlestick of ETH continues to stay above the MA5/10 moving average, so the rising market can be continued, and you can take the opportunity to buy in during the pullback.

Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can follow, bookmark, like, and comment for free. Thank you everyone. Welcome to leave a message below for discussion and I will reply one by one!

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LTC-0,54%
XLM-0,35%
BTC1,38%
ETH0,86%
XRP2,78%
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GateUser-0bc946d7vip
· 2024-12-02 17:06
To Da Moon 🌕Buy the Dip 🤑WAGMI 💪Buy the Dip 🤑Buy the Dip 🤑WAGMI 💪Buy the Dip 🤑
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GateUser-cadc475bvip
· 2024-12-02 17:04
To Da Moon 🌕
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ZAAEHHvip
· 2024-12-02 16:46
All in All in 🙌
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