Analyst Chen Shu: Successful profits from long positions at noon on June 12, be cautious of pullbacks at night, midnight market analysis/with trading strategy
The strategy provided in the noon article suggested buying Bitcoin at 10.95 and Ethereum at 2770. Bitcoin gained 800 points, and Ethereum gained 100 points. Congratulations to those who followed the strategy!
Market Analysis: Bitcoin did not reach new highs during the day, maintaining a consolidation around 110,000. The short-term upward momentum is weakening on the 4-hour chart. This type of movement requires caution as it may start a pullback to correct the indicators. If it cannot break through the US trading time level of 110350 at night, there is a high probability of a pullback. Support to watch for the pullback is at 10.85. Regarding Ethereum, the daily chart closed in the green again, testing the resistance level of 2860. The upper resistance levels to watch are 2920/2950. Currently, it continues to strengthen in the short term, and a quick spike is expected in the early morning. Don't rush to short; support levels are at 2830/2800.
Trading Strategy (Published at: 01:00):
BTC: 10.9/10.83 long, target 10.95/110,000; short at 11.05/11.5 looking for a pullback of around 2000 points (focus on short if it doesn't break 110350, otherwise prioritize long on the pullback)
ETH: 2850/2800 long, target 2920/2950; short around 2920/2950 looking for a pullback of 5-100 points
The daily analysis strategy has a very high win rate! Analysis is not easy, and 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! $BTC
