Analyst Chen Shu: 5.30 Yesterday's strategy was a great success, midday Bitcoin and Ethereum market analysis strategy
Yesterday's midday article clearly stated not to rush into bullish thinking, providing Bitcoin short positions at 10.8/10.86 and Ethereum short positions at 2740/2780. The market rebound provided an entry opportunity, with short positions profiting 2000/100 points; subsequently, the midnight analysis suggested a Bitcoin long at 10.5, Ethereum short at 2660, long at 2560, with precise point predictions again yielding profits of 1000/180 points. Congratulations to friends who followed the strategy.
From the daily chart of Bitcoin, it closed with a green candlestick with an upper shadow yesterday. In the short term, the support level to watch is the MA30 moving average at 10.36, while the short-term resistance level to focus on is the MA5 moving average at 10.75. The 4-hour chart shows the price has temporarily broken below the MA120 moving average at 10.6, so we need to watch whether it can regain above 10.6, focusing on the strength of the rebound in the short term.
Looking at Ethereum from the daily chart, the short-term price is still under pressure from the MA256 moving average. The key level to watch is whether the price can stabilize above 2660. On the 4-hour chart, after a short-term decline to the MA120 moving average, it stopped falling and formed a long lower shadow doji, indicating that the short-term rebound strength is not weak. We need to pay attention to the strength of the rebound in the following sessions.
Midday operation strategy (writing time: 14:00):
BTC: Short at 10.65, add to short on rebound at 10.72, target 10.55/10.5; Long at the lower level of 10.5/10.4 for a 2000-point rebound.
ETH: Short at 2660, add to short on rebound at 2700, target 2600/2560; Long at 2580/2550, targeting 5-80 points.
The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave messages for discussion below; I will reply to each one! $BTC