Analyst Chen Shu: Successful profit from short positions at 5.27 noon, will the short-term continue? Midnight market analysis / with trading strategy
The noon article analysis provided a short position for Bitcoin at 110,000 and for Ethereum at 2,600. The market rebound successfully provided an entry point, with short positions making a profit of 1,500/60 points. Congratulations to those who followed the strategy!
Market analysis: Currently, from the trend, Bitcoin's daily price stands above the MA5 daily moving average, specifically above 10.9. Although the daily level looks bullish, the hourly level shows the price currently oscillating around 110,000. We should pay attention to whether the price can successfully break through and stabilize above 110,000; if it stabilizes, the bullish trend will continue. For Ethereum, the current upper resistance level is the MA120 daily moving average at 2,570 on the hourly level, which also serves as the MA30 daily moving average resistance on the 4-hour level. The support level is at 2,540, so we should first pay attention to the breakout situation within this small range.
Trading strategy (published at 23:30):
BTC: Long at 10.93, add to long at 10.86 on pullbacks, target 110,000/111,000; try shorting at the upper line of 110,000/111,300 for pullbacks.
ETH: Short at 2,570, add to short at 2,630, target 2,530/2,500; consider long positions at 2,500/2,460.
Daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, favorite, like, and comment. Thank you all, and feel free to leave messages for discussion below, I will reply one by one! $BTC