Analyst Chen Shu: 12.14 midnight BTC, ETH market strategy * 2, narrow range shock continues to maintain the midday thinking operation.



BTC remained in the range of 10.14-9.95 during the day, with a relatively small range of fluctuations. It can be seen on the 4-hour chart that the price mainly revolves around the MA5/10 moving average. The short-term support is around the confluence of the MA30/60 moving averages, around 9.9. The likelihood of a pullback to this level is relatively high. Another support is at the MA120 moving average, around 9.75. If there is a pullback to these two levels, a long position can be directly taken. On the daily chart, the support is also at the MA5/10 moving average, also around 9.9. In terms of operation, it is advisable to take a long position on pullbacks.

ETH is mainly oscillating around the 1-hour MA5/10/30 moving averages, and it is expected that there is a high possibility of a downward retracement to test the MA256 moving average, particularly near the 3850 level. Similarly, the 4-hour chart is supported by the MA60 moving average, with the lower support level at the price range of 3840-60. Long positions can be attempted if this level is reached.

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

BTC: Light position long near 9.9/9.75, target at 10.1/10.2; Light position short above 10.2, target at 1-2000 points.

ETH: Light long position near 3860/3800, target at the 3900/4000 level; consider shorting above 4000 for short-term trading.

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