Analyst Chen Shu: 5.20 Bottoming Out and Rebounding, Focus on 10.4 Support, Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: Currently, from the trend perspective, Bitcoin has bottomed out at 10.2 during the day and has started to rebound to around 10.5. The price has once again risen above the MA5/10 daily moving averages. For short-term support, focus on the 10.4 level. If it continues to stay above 10.4, the short-term bullish trend will persist. Ethereum has formed a series of long upper and lower shadow doji candles on the daily chart, indicating a divergence between bulls and bears in the short term. The larger fluctuation range remains between 2650-2250, with short-term resistance at the 4-hour MA30 moving average of 2520. Pay attention to the breakout and stabilization at this level.

Trading Strategy (Published at: 00:00):

BTC: Short at 10.5, add to short at 10.6, target 10.4/10.35; Long at 10.35/10.4 looking for a 1-2000 point rebound. ETH: Short at 2500, add to short at 2550, target 2450/2400; Long positions should follow Bitcoin synchronously.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

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