Analyst Chen Shu: Narrow fluctuations and rebounds on 8.26 still require shorting, midnight market analysis/with trading strategy
Market Analysis: Bitcoin fell again to the low point of 11.05 in the evening and rebounded. The current 4-hour chart shows a red K-line about to rebound to the MA10 moving average at 11.3. Touching this level may consider shorting, with support to watch around 110,000; Ethereum rebounded to the resistance level of 4680 in the evening but faced resistance and fell back. 4680 was the previous retracement support, and if it cannot return above this level, it will form a top-bottom conversion position, so shorting is the trading strategy.
Trading Strategy (Posted at: 00:30):
BTC: Short at 11.28/11.36, target 11.05/110,000; consider opening longs with a small stop loss around 10.95
ETH: Short at current price 4630, add short at rebound 4690, target 4500/4460; consider trying longs around 4450
Daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can give a free follow, collect, like, and comment, thank you all, welcome everyone to leave comments below, I will reply one by one! $BTC
