Analyst Chen Shu: 5.30 Afternoon Short Strategy Profits, Midnight Market Analysis/Trading Strategy Attached
The afternoon article clearly stated not to rush into a bullish mindset, providing a short strategy for Bitcoin at 10.8/10.86, and for Ethereum at 2740/2780. The market rebound offered entry opportunities, with short positions profiting 2000/100 points. Congratulations to those who followed the strategy.
Market Analysis: Currently, from the trend, Bitcoin's daily line has once again closed with a green K line, the price rebounding but failing to reach the MA5/10 daily moving average. The short-term resistance continues to focus on the line at 10.85, as well as the 1-hour MA256 daily moving average at 10.8. The support level is at the 4-hour MA120 daily moving average at 10.6; for Ethereum, the short-term continuous pullbacks should focus on the support at the daily MA5/10 daily moving average price range of 2620-2580, and the 4-hour MA30-120 daily moving average price range of 2600-2550, with the resistance level at 2660.
Trading Strategy (Publication Time: 00:00):
BTC: Short at 10.78, add short at 10.85 on rebound, target 10.6/10.55; Long at 10.6/10.5 looking for a rebound of around 2000 points
ETH: Short at 2660, add short at 2720 on rebound, target 2600/2560; Long at 2560/2520 looking for above 2600
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone clicks a free follow, save, like, and comment, thank you all, and feel free to leave comments below for discussion, I will reply one by one! $BTC
