Analyst Chen Shu: 8.20 Strategy Continues to Profit, Focus on Intraday Rebound Strength
Yesterday's afternoon article suggested shorting Bitcoin at 1.56 and shorting Ethereum at 4270/4350. The short positions successfully entered with maximum profits of 3000/200 points. Subsequently, a midnight article suggested going long around 11.2, and Ethereum gave a long strategy at 4060, currently profiting again. Congratulations to friends who followed the operations.
Looking at Bitcoin from the daily chart, yesterday's daily line closed with a large bearish candle that directly pierced through the MA60 daily moving average. The short-term support level to watch is the 11.2 line; if it breaks, it may retest the 10.88 line. From the 4-hour perspective, the short term stopped falling at the 11.25 line; we should focus on whether it can break through and stabilize above 11.45. If it stabilizes, the short term will end the one-sided correction trend; otherwise, it will continue to pull back. For short-term operations, it is suggested to first observe the strength of the rebound.
Looking at Ethereum from the daily chart, the daily line has continuously closed bearish and is about to retest the MA30 daily moving average at the key support of 3980. From the 4-hour level, the short term has retested the MA120 daily moving average at the 4060 line. If it holds, it will rebound upwards to test the resistance at the 4220 line. Similarly, for the short term, it is suggested to first observe the strength of the rebound.
Afternoon Operation Ideas (Writing time: 13:30):
BTC: Currently looking to go long near 11.35, targeting 11.46; for shorts above 11.46/11.55, look to take profit around 11.3.
ETH: Currently long at 4150, targeting 4230/4260; for shorts above 4250/4300, look for a pullback of 1-200 points.
Daily analysis strategy has a high win rate! Analysis is not easy, 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 to each one $BTC