Analyst Chen Shu: 8.29 Short positions profit again, continue to pay attention to the breakout of the range, midnight market analysis/with trading strategy

The afternoon article suggested shorting Bitcoin at 11.35 and Ethereum at 4630. The market rebound provided an entry opportunity, with targets slightly retreating, profiting 1000/130 points. Congratulations again to those who followed the operations.

Market analysis: Bitcoin continues to maintain a slight oscillation today, testing the daily MA10 moving average but failing to break through. In the short term, it is still under pressure from the MA256 moving average on the 1-hour level at 11.34. Key attention is on whether the price can stabilize above this line, which can serve as a short-term dividing line for long and short positions; on the Ethereum side, the daily line currently shows a bearish candlestick, and it is expected to continue to adjust downward. The support below to watch is the 4350 line; a break below looks at the 4200 line, and a drop below 4470 may consider chasing shorts.

Trading strategy (publication time: 00:10):

BTC: Short at 11.32, add to short at 11.4 on rebound, target 11.25/11.15; below 11.22/11.15 nearby small stop loss attempt to go long looking for 11.4 nearby.

ETH: Short at 4530, add to short at 4600 on rebound, target 4460/4350; below 4360/4250 nearby small stop loss attempt to go long (mainly bearish strategy, confirm break below 4470 may consider chasing shorts).

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

$ETH

$SOL

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