Analyst Chen Shu: Short-term direct breakthrough on June 10, looking up to 110,000, midnight market analysis / accompanying trading strategy
Market Analysis: Bitcoin has been strong during the day and has currently directly broken above the MA30 daily moving average. If the short-term continues to strengthen, it will look up at the previous high pressure level of 110,000. On the 4-hour chart, the short-term has expanded with a large bullish bar, and the price has directly broken above the MA120 daily moving average. The previous resistance level has now turned into a support level at 10.66. If it pulls back without breaking this level, it can be used to go long; in terms of Ethereum, its upward momentum is not as strong as Bitcoin's. The daily chart is still under pressure from the MA30 daily moving average. Pay attention to the breakthrough and stabilization at this level of 2550 points. If it breaks out later, it will look up at the MA256 daily moving average at the 2660 level. Currently, the short-term pressure level is at the price range of 2540-60. If it breaks through, it will continue to look up; otherwise, it will see a range adjustment.
Trading Strategy (Posted at: 23:30):
BTC: Long at 10.68/10.6, target 10.8/10.9; short-term look for a pullback to around 2000 points above 110,000
ETH: Long at 2515/2460, target 2560/2600/2660; short-term look for a pullback of 5-80 points around 2600/2660 above
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, favorite, like, and comment. Thank you all, and feel free to leave comments below; I will reply one by one! $BTC
