Analyst Chen Shu: 6.12 Yesterday's strategy successfully profited with an intraday pullback looking at 10.65. Afternoon analysis and strategy for Bitcoin and Ethereum
Yesterday's afternoon article strategy provided a long position for Bitcoin at 10.95 and for Ethereum at 2770. Bitcoin profited 800 points and Ethereum profited 100 points. The midnight strategy indicated that as long as the price did not break the high point of 110350, the main short strategy was correct. Congratulations to those who followed the strategy!
Looking at Bitcoin from the daily chart, yesterday’s daily line closed with a green K-line, and today’s market continues to pull back. The support below focuses on the MA30 daily moving average at the 10.65 line. From the current market situation, it is highly likely that it will pull back to this support line. The 4-hour chart currently shows continuous bearish candles with the price dropping to the 10.76 line. The support below focuses on the MA120 daily moving average at 10.65 and the MA60 daily moving average at 10.6, which can be observed as short-term support. Meanwhile, the 1-hour support MA256 daily moving average at 10.6 can also be considered for short-term trading.
Looking at Ethereum from the daily chart, yesterday closed with a small upper shadow green K-line, and the price has pulled back, focusing on the MA256 daily moving average at the 2660 line for support. During the day, first pay attention to the pullback to this line. The 4-hour chart currently shows a break below the MA5/10 daily moving averages with dense support levels looking at 2660/2600. There is a high probability of a pullback occurring in the short term, so watch for whether the support holds after the pullback.
Afternoon trading ideas (writing time: 13:30):
BTC: Short at 10.8, add to the short at 10.86 on the rebound, target 11.7/10.65; consider long positions at 10.65/10.6 looking for a 2000 point rebound.
ETH: Short at 2775, add to the short at 2820 on the rebound, target 2700/2660; consider long positions at 2660/2600 looking for 6-100 points.
Daily analysis strategy has an extremely high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave messages below for discussion; I will reply to each one! $BTC
