Analyst Chen Shu: 8.22 Afternoon Short Position Effectively Focused on Break at 11.2, Midnight Market Analysis / Accompanied by Trading Strategy
The afternoon article suggested shorting Ethereum at 4330, the market rebounded after entering and then fell to the 4230 line, the short position is currently profitable by 100 points, congratulations again to friends who followed the operation.
Market Analysis: Bitcoin's daily line currently shows a small bearish candle, the afternoon article mentioned that the rebound did not exceed 11.48, so we continue to treat it as bearish. The current price is once again approaching the critical support level of 11.2, pay attention to the situation of breaking this level. If it truly breaks below 11.2, it will accelerate the decline and test the 11.05 support level; on the Ethereum side, we see a short-term rebound to the high point of 4380, after which it starts to pull back. If it cannot break and stabilize above 4380, we treat it as bearish. The short-term supports are at 4100/4000, just focus on these two positions for pullbacks. For both cryptocurrencies, it is not recommended to go long; wait for another pullback before entering.
Trading Strategy (Posted at: 00:00):
BTC: Short at 11.32/11.37, target 11.2; Consider long positions around 11.05/110,000
ETH: Short at 4270/4320, target 4100/4000; Consider trying long positions at 4000/3900
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment, thank you all, and welcome everyone to leave messages for discussion below; I will reply one by one! $BTC