Analyst Chen Shu: 12.11 midnight BTC, ETH market strategy * 2, perfect profit from short order at night, follow 9.48 support

On the afternoon of October 12th, the analysis article provided a short order strategy for BTC 9.8/9.9 and ETH 3800/3900 short order. In the evening, the market rebounded to 9.82/3770 and successfully pulled back to the target point of 9.6 as expected. The short order gained a profit of 2000 points. Please see the following analysis for the current operation of the short-term significant pullback.

From the daily candlestick chart, BTC is currently forming another green Candlestick today. The rebound today failed to stay above the MA5/10-day moving average, retracing to the MA30-day moving average around 9.48. The overnight market will follow the situation of support at this level. It is expected to have a rebound following the rebound momentum. Looking at the 4-hour chart, it has completely lost the support of the MA120-day moving average. At the same time, the 1-hour chart also tested the effectiveness of the MA256-day moving average (9.8) resistance level. If it clearly falls below 9.48, the short-term long positions market may come to an end.

From the daily chart, Ethereum has formed a green Candlestick today after yesterday's Bearish line, and it is further testing the support of the 30-day moving average at 3470. Looking at the 4-hour chart, the MA120 moving average mentioned in today's article at 3620 has also been broken, indicating a rebound towards the support at 3470.

Midnight Operation Ideas (Drafting Time: 01:00):

BTC: Short at around 9.6/9.7 Light Position, target around 9.45; Long with stop loss above 1000 points near 9.46/9.35 Light Position for Rebound

ETH: Light Position Short near 3650/3740, target near 3550/3500; Light Position Long near 3470/3400, target near 3550/3600

Trend of medium to long term: For BTC, first look at the final result of the daily candlestick MA30, which is the 9.48 line. If it is completely lost, it means the end of long positions in the short term. Otherwise, it will continue to oscillate and adjust; Ethereum's pullback is relatively strong, but also need to look at the gains and losses of the daily candlestick MA30.

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