Analyst Chen Shu: 5.20 Bottoming Out and Rising Focus on 10.4 Support, Midnight Market Analysis / Accompanying Trading Strategy
Market Analysis: Currently, from the trend, Bitcoin daily chart bottomed out at 10.2 and started to rise to around 10.5, the price has once again reached above the MA5/10 daily moving average, short-term support focuses on 10.4; if it continues to stay above 10.4, the short-term bullish trend will continue; Ethereum daily chart has been showing long upper and lower shadows with a doji, short-term bullish and bearish divergence, the large fluctuation range is maintained between 2650-2250, while the short-term resistance level refers to the 4-hour MA30 moving average at 2520, pay attention to the breakthrough and stabilization at this line.
Trading Strategy (Publication time: 00:00):
BTC: Short at 10.5, add to short at 10.6, target 10.4/10.35; Long at 10.35/10.4 looking for a 1-2000 point rebound
ETH: Short at 2500, add to short at 2550, target 2450/2400; Long positions should follow Bitcoin synchronously
Daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can give a free follow, bookmark, like, and comment, thank you all, welcome everyone to leave comments below, I will reply one by one!
