Analyst Chen Shu: Short-term pullback on June 11, focus on support at 10.86, midnight market analysis/attached trading strategy
The midday article analysis provided a long position for Bitcoin at 10.9 and a long position strategy for Ethereum at 2670. The market's slight pullback successfully provided an entry opportunity, with Bitcoin gaining slightly and Ethereum making over 100 points profit. Congratulations to those who followed the operation!
Market Analysis: Bitcoin did not continue yesterday's rapid upward trend during the day, falling into a corrective adjustment, currently deviating from the MA5/10-day moving averages. Pay attention to the subsequent adjustment process. For the 4-hour chart, short-term support is focused on the MA10-day moving average at 10.86. If the pullback does not break this level, the short-term pullback trend will temporarily end; focus on this line. For Ethereum, the daily chart currently shows a red candlestick with an upper shadow. The key short-term support is the daily MA256-day moving average at 2660. The 4-hour chart currently shows a short-term pullback to the MA5-day moving average at 2720. If it breaks down, the short-term will again pull back to the support line at 2660.
Trading Strategy (Published at: 00:30):
BTC: Long at 10.86/10.8, target 10.95/11,000; Short at 11,000 looking for a pullback of around 1-2000 points.
ETH: Long at 2720/2660, target 2750/2780; Short near 2780/2820 looking for a pullback of 5-80 points.
Daily analysis strategy has a very high win rate! Analysis is not easy; I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave your comments below; I will reply to everyone one by one! $BTC