Analyst Chen Shu: After a high of 8.25, looking down at 110,000 support, midday Bitcoin and Ethereum market analysis strategy.
In yesterday's midday article, a short position for Bitcoin at 15.2 and a short position for Ethereum at 4820 were provided. After the market reached the entry point, it began to pull back, with Bitcoin achieving a maximum profit of 4500 points and Ethereum 200 points. Congratulations to those who followed the operation.
From the daily chart of Bitcoin, the price has once again reached the key support level of 11.2 after two days of bearish candles over the weekend. Pay attention to the situation if this level is lost. The short-term support to watch is the MA120 daily moving average at 110,000. Currently, the weekly level has dropped below the MA5/10 daily moving average, and it is expected to continue this round of correction. In the 4-hour view, the 11.2 level has been tested multiple times; if lost, it will accelerate the decline. It is expected that the possibility of breaking below the 11.2 level is high, and it is advisable to treat it more cautiously by shorting on rebounds.
From the daily chart of Ethereum, a red doji was formed yesterday, and it is currently at the MA5 daily moving average. Pay attention to the support and loss of the MA10 daily moving average at the 4500 level below. In the 4-hour view, after a short-term high of 4960, it began to pull back. Short-term support is focused on the 4500/4450 level, and the target for the short-term pullback is the MA256 daily moving average at 4450.
Midday operation thoughts (writing time: 16:00):
BTC: Short at 11.18, add to short on the rebound at 11.26, target 11.05/110,000; small stop loss near 110,000/10.9 for a long attempt to see a 1-2000 point rebound.
ETH: Short at 4620, add to short on the rebound at 4680, target 4500/4450; small stop loss near 4450/4400 for a long attempt to see a 100 point rebound.
The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone will give a free follow, collect, like, and comment. Thank you all, and feel free to leave a message for discussion below. I will reply one by one. $BTC
