Analyst Chen Shu: Can the bullish trend continue after the high point on 9.13? Midday analysis and strategy for Bitcoin and Ethereum
Yesterday's midday article analysis suggested going long on Ethereum at 4520. After the market retraced for entry, it successfully reached the target point, with a maximum profit of 200 points on the long position.
Looking at Bitcoin from the daily chart, yesterday it closed with a small bullish candlestick, and the price stands above the MA60 moving average at 11.51. The upper pressure level still focuses on the previous highs around 11.7/11.75, and the support level should focus on 11.51 in the short term. In the 4-hour view, the short-term trend is rebounding along the MA5/10 moving averages. The short-term support focuses on the gain or loss of the MA10 moving average. The key support below is still the MA256 moving average at 11.4, which may retest this level.
Looking at Ethereum from the daily chart, yesterday it closed with a solid bullish candlestick. After breaking and stabilizing above the MA30 moving average, it began to rebound. The pressure level focuses on the previous rebound height at 4850. Currently, the 1/4 hour level market is gradually rising along the MA5/10 moving averages. The short-term support should focus on the MA5/10 moving averages, and if it retraces, it may still require going long to see the rise.
Midday operation thoughts (writing time: 13:30):
BTC: Current price 11.58 short, adding short positions at 11.65/11.75 on rebounds, target looking at 11.45/11.4, and below 11.4/11.3 looking for a 2000-point rebound
ETH: Long at 4660, adding long positions at 4600 on retracements, target 4730/4750; consider short positions entering at the 4850 level
Daily analysis strategy has an extremely 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 below for discussion; I will reply one by one $BTC