Analyst Chen Shu: Where to focus on support below the continuous decline on 6.18? Midnight market analysis / Accompanying trading strategy
Market Analysis: The daily line for Bitcoin currently shows a large bearish candle. Yesterday, the price rose above the MA30 daily moving average at 10.66 but failed to hold. In the short term, it has made a series of pullbacks, with support below focusing on the daily MA60 moving average at 10.2. The pressure point on the 4-hour chart is the MA256 daily moving average at 10.53, and we are watching whether the price continues to decline and retest the 10.2 line; for Ethereum, the daily line continuously shows upper shadow green candles, with pressure above at 2570/2670. If it cannot stay above this line in the short term, it will remain in a weak oscillation. Currently, the price on the 4-hour chart has reached the MA256 daily moving average at 2515, and we are watching whether the price can regain position above 2515.
Trading Strategy (Published at: 00:30):
BTC: Long at 10.26/10.2, target 10.35/10.45; short above 10.48/10.6, looking for a 2000-3000 point pullback.
ETH: Long at 2450/2380, target 2500/2550; short above 2530/2580, target 2450/2400.
Daily analysis strategy has a 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 a message below to discuss; I will reply one by one! $BTC
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