Analyst Chen Shu: 12.29 noon BTC, ETH market strategy * 1, the amplitude narrows follow the breakthrough situation of the oscillation range

On the afternoon of the 28th, the article analyzed the BTC interval single strategy, and the BTCETH gave the 9.53-9.4/3300-3400 strategy. The market fluctuation was relatively small yesterday, and the strategy direction was basically correct. Currently, for the short-term narrow-range oscillation, please see the following analysis for how to operate.

From the daily chart of BTC, it can be seen that it formed a small red candle yesterday, with the overall range oscillating between the MA5/10 moving averages and the MA60 moving average, i.e., the range of 9.6-9.2. In the short term, we will follow the breakout of this range. If it breaks above and stabilizes at 9.6, the short-term trend will change from weak to oscillating adjustment. If it retraces to the support level of 9.2, we will follow the effectiveness of this support level. Looking at the 4-hour chart, the overall trend remains below most of the moving averages, with 9.65/9.75 as the reference resistance level.

From the daily chart of Ethereum, yesterday's daily chart closed with a small red candlestick. With the oscillation adjustment over time, the continuous upward adjustment of the daily MA60 moving average has now coincided with the MA5/10 moving averages. The key level of convergence is at the 3380 position. Following the 3380 level in the subsequent market movement is advisable. Stabilizing at 3380 may provide an opportunity for upward oscillation, otherwise, a test downwards towards 3070 may occur.

Midday Operation Strategy (Drafting Time: 13:00):

BTC: Light position long at 9.45, add position long at 9.38, target 9.6/9.7; light position short at 9.68, add position short at 9.75, target near 9.5.

ETH: 3400 light short, 3460 add short, target 3350; 3350 light long, 3300 add long, target 3400/3450

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