Analyst Chen Shu: 12.7 Bitcoin Ethereum long-short divergence pays attention to the 9.05 pressure level breakthrough stabilization situation
Yesterday's afternoon analysis article suggested shorting Bitcoin at the current price of 9.01, and going long on Ethereum at the current price of 3005 which was not executed. After entering the Bitcoin short position, it pulled back to a low of 8.88 as expected, making a profit of over 1000 points on the short position.
From the daily chart of Bitcoin, the daily line is continuously suppressed by the MA5/10 day moving average. The key pressure level to focus on is the MA30 day moving average at 9.25. If it does not rebound and stabilize above 9.25, the short-term will continue to show a bearish trend. Currently, the 4-hour chart is fluctuating around 8.9, and the key focus is on the 1-hour level MA256 day moving average at 9.05, which can be regarded as a short-term dividing line for long and short positions.
From the daily chart of Ethereum, the daily trend is still consistent with yesterday's article analysis. The key focus is on the MA256 day moving average at 3185, which acts as resistance. If it stabilizes in the short term, it will continue to be bullish; conversely, before breaking and stabilizing above 3185, it should still be treated with a fluctuating pattern. Approaching the 3185 pressure level again, it is still possible to consider a small stop-loss to short once, and at the 1-hour level, pay attention to the MA256 day moving average support at 3015.
Afternoon operation idea (writing time: 12:40):
BTC: 9.04 short, add to short at 9.15 on the rebound, target 8.9/8.8; below 8.8/8.7 long view 90,000
ETH: 3015 small stop-loss long, target 3060/3100; above 3180 small stop-loss short looking for a 6-100 points pullback
Daily analysis strategy has a high win rate! Analysis is not easy, hope everyone can click a free follow, save, like, and comment, thank you all, welcome everyone to leave a message below for discussion, I will reply one by one $BTC
