Analyst Chen Shu: 5.24 Short-term Pullback Focus on Daily Support, Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: Currently, from the trend perspective, Bitcoin has pulled back to the 10.7 level as analyzed at noon, showing a short-term corrective trend. The daily price level still remains above the MA5 moving average, paying attention to whether the price can continue to stay above the 10.85 level; Ethereum has once again attempted to break through the MA256 moving average but failed. It has pulled back to the MA5/10 moving averages, focusing on the support at the 2550 level; if it breaks below, it will continue to correct.

Trading Strategy (Published at: 00:00):

BTC: Short at 110,000, add to short at 11.07, target 108,000/107,000; Long at 107,500/105,500 for a 2-3000 point rebound. ETH: Short at 2580, add to short at 2630, target 2530/2500; Long positions follow Bitcoin synchronously.

The 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 comments below for discussion; I will reply to each one!

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