Analyst Chen Shu: 6.7 drop rebound focus on 10.55 key position, midnight market analysis / with trading strategy

Market Analysis: Bitcoin closed with a large bearish candle yesterday and a large bullish candle today, basically recovering the losses from yesterday. Short-term focus on the key position of the daily MA30 moving average at 10.55; if it can break and hold above this level, the short-term will return to a bullish trend. If it cannot break and hold, the short-term will continue to experience weak fluctuations and adjustments. Support level to watch is the 4-hour MA256 moving average at 10.22; in terms of Ethereum, the daily line is currently rebounding to the MA30 moving average at 2540, with dense resistance levels above at 2530-50. Pay attention to the breakout of this price range; if it breaks, the short-term will continue to test the MA256 moving average at 2670, otherwise, it will maintain a range-bound adjustment trend.

Trading Strategy (Published Time: 00:00):

BTC: Short at 10.55/10.66, target 10.45; Long at 10.4/10.3, focus on 10.5 above.

ETH: Short at 2550/2600, target 2500; Long near 2480/2430, focus on 2550.

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 comments below; I will reply one by one!