12.18 Bitcoin and Ethereum Market Analysis and Operation
Bitcoin touched 108366 yesterday morning and then fell back with a cross upper shadow, fluctuating near the MA5 daily moving average. Although the MA line rose, the MACD shrank, the KDJ turned down, and the 12-hour K column went down, with a strong willingness to step back. However, the support of 102000 - 100000 is strong. The 4-hour line inserted the MA30 daily moving average and the indicator was bearish. If the step back does not break the daily MA10 daily moving average of 102000 and the weekly K MA5 daily moving average of 100000, there is room for a pullback, and short-term intraday band operations are performed.
Operational suggestions: Bitcoin 103000 - 102000 long, target 106000 - 108000, limit 110000, stop loss 100500.
Ethereum performed weakly, with the daily line falling back to the middle track, short positions increasing, fluctuating at 3800, weekly K MA5 daily moving average rising, and falling back without breaking 3800-3760 (weekly K MA5 daily moving average support), and rebounding in the evening.
Operation suggestion: Ethereum 3800-3760 long, target 3950-4100, stop loss 3710.
Continuous updates in the future.
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