Analyst Chen Shu: Short-term rapid decline on 6.6, focus on the 10.2 position, midday Bitcoin and Ethereum market analysis strategy

From the daily chart, Bitcoin closed with a large bearish candle yesterday, directly breaking the daily MA30 moving average. If it continues to test downwards, it will break below the 100,000 mark. Whether the price continues to decline depends on the gains and losses at the 10.2 level with the 4-hour MA256 moving average. If it can break and stabilize above 10.2, the short-term downward trend will end, so focus on the stabilization at the 10.2 level.

From the daily chart, Ethereum also closed with a large bearish candle yesterday, breaking the daily MA30 moving average. If it continues to decline, the first support level to watch is the 2300 level. The 4-hour chart shows that after breaking the key price range above yesterday, the support below is also at the 4-hour MA256 moving average, which is the 2300 level. The resistance level to watch is 2560, so first focus on the strength of the rebound in the short term.

Midday operation strategy (writing time: 12:00):

BTC: Short at 10.36, add short on rebound at 10.45, target 10.25/10.2; Long at 10.2 below, target 10.35/10.45

ETH: Short at 2500/2560, target 2450/2400; Long at 2435 below, target 2500/2530

Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone clicks a free follow, collects, likes, and comments. Thank you all, and feel free to leave comments below. I will respond to each one!