Analyst Chen Shu: 12.9 Bitcoin Ethereum fluctuates in the range, focusing on the gains and losses of 9.05, waiting for a breakthrough to choose a direction
Looking at Bitcoin from the daily chart, the daily line continues to be suppressed by the 30-day moving average at 9.18. As analyzed in previous articles, it is not overly bullish before it breaks and stabilizes above this line. The support level to focus on first is the 4-hour level MA120 daily moving average at 8.92. In the short term, it is expected to continue to fluctuate around the 1-hour MA256 daily moving average at 9.05, with the first focus on the direction of the breakthrough.
Looking at Ethereum from the daily chart, the daily line continues to be suppressed by the 256-day moving average at 3200. This line will also be the key pressure point in the short term, and one can consider a long position for a breakthrough at this line or a small stop-loss short position. The second pressure point is to focus on the 4-hour MA256 daily moving average at 3250, with support at 3100/3030.
Afternoon operation strategy (writing time: 12:10):
BTC: 8.92 long, 8.8 add long, target 9.15/9.3; above 9.35/9.45 short with a look for a 1-2000 point pullback
ETH: 3090 long, pull back to 3030 add long, target 3180/3250; above 3200/3280 add short looking for a 6-100 point pullback
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment, thank you all, and welcome everyone to leave a message for discussion below, I will reply one by one $BTC
