Analyst Chen Shu: 6.27 Short-term Pullback Focus on Support and Resistance at 10.58, Midnight Market Analysis/Accompanied by Trading Strategy
Market Analysis: Bitcoin is currently forming a small bearish candle. If the price continues to pull back, we need to pay attention to the daily MA30 moving average at 10.55, and the 4-hour support is at the MA256 moving average at 10.58. If this line holds during the pullback, we can enter long positions and look for bullish trends. The resistance level to watch is the previous high at around 10.9; for Ethereum, the daily chart reached the MA30 moving average at the pressure level of 2530 and has pulled back. The lower support levels to watch are the MA60 moving average at 2410/2380. On the hourly chart, the price has currently fallen below the MA256 moving average at 2450, so we need to monitor whether it can regain the 2450 level.
Trading Strategy (Published Time: 00:30):
BTC: Buy at 10.58, add long at 10.5, target 10.7/10.8; Short at 10.8/10.9 looking for a pullback of around 2000 points.
ETH: Short at 2460, add short at 2520, target at 2400/2350, long positions should follow Bitcoin synchronously.
Daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, collect, like, and comment. Thank you all, and feel free to leave comments below; I will respond to each one! $BTC