Analyst Chen Shu: Strategy on 5.17 Correctly Profited from Afternoon Long Position, Midnight Market Analysis/Included Trading Strategy
The afternoon article clearly provided a pullback long strategy, suggesting to go long on Bitcoin at 10.37/10.3 and on Ethereum at 2570/2530. The market perfectly retraced to the strategic points, with long positions profiting 1500/80 points. Congratulations to those who followed the strategy!
Market Analysis: Currently, from the trend perspective, Bitcoin's daily line is above the MA5 moving average. In the short term, it is again approaching the resistance level of 10.5. If it successfully breaks through and maintains above 10.5, another bullish phase will begin. The support level to watch is around 10.35; Ethereum has once again tested the daily MA256 moving average resistance level of 2650, and it has not yet successfully broken upwards. Attention should be paid to whether it can successfully maintain above this level in the future, with the support level to watch at 2560.
Trading Strategy (Published Time: 00:30):
BTC: Long at 10.38, add long at 10.33, target 10.45/10.5; consider shorting at 10.5/10.6
ETH: Long at 2565, add long at 2530, target 2630/2650; consider shorting at 2650/2700
Daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, favorite, like, and comment. Thank you all, and I welcome everyone to leave messages for discussion below; I will reply to each one!
