Analyst Chen Shu: 8.19 Yesterday's short position profit focused on the support of 11.4, midday Bitcoin and Ethereum market analysis strategy

Yesterday midnight article analysis gave Bitcoin a short position at 11.68 and Ethereum a short position at 4370, the market rebounded successfully for entry, with a maximum profit of 2500/170 points. Congratulations to those who followed the operation.

From the daily chart of Bitcoin, the daily line continues to close with a bearish candle, falling to the current MA60 daily moving average line of 11.42. Focus on whether this line can be maintained, and this line is also the weekly MA10 daily moving average line of 11.4. The 4-hour chart shows a strong resistance at the MA256 daily moving average line of 11.7. If it cannot stabilize above this line, the weak fluctuation trend will continue, with a key focus on the breakout direction of the 11.4-11.7 interval.

From the daily chart of Ethereum, the daily line has continuously closed with bearish candles, breaking the MA5/10 daily moving average. The short-term support focuses on the MA30 daily moving average line of 3970. If it breaks below the 4170 line, it will continue to test the 4000 line, with short-term support in the 4-hour chart focusing on the MA120 daily moving average line of 4050. It is recommended to continue to treat it as a short position on rebounds in operations.

Midday operation idea (writing time: 15:00):

BTC: 11.56 short, add short on rebound at 11.65, target 11.4/11.35; below 11.4/11.3 look for a rebound of around 2000 points

ETH: 4270 short, add short on rebound at 4350, target 4200/4170, reduce position if it breaks and hold looking down at 4050; keep long positions in sync with Bitcoin

Daily analysis strategy has a high win rate! Analysis is not easy, I hope everyone can give a free follow, favorite, like, and comment. Thank you all, welcome everyone to leave messages for discussion below, I will reply one by one $BTC

$ETH

$SOL

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