Analyst Chen Shu: Price further declines on 5.31, midnight market analysis / with trading strategy

Market Analysis: Currently, from the trend, Bitcoin's daily line has continuously closed in the green and has once again dropped to the 10.4 level. In the short term, it is about to retest the daily MA30 moving average at the 10.35 level. Pay attention to the effectiveness of this support level, as it is expected to break below the 10.35 low. The 4-hour chart has completely fallen below the MA120 moving average. Ethereum has broken below the MA5/10 moving averages on the daily line, establishing a short-term downward correction trend. The 4-hour chart has currently fallen below the MA120 moving average at the 2560 level, so watch whether it completely loses this level.

Trading Strategy (Published at: 01:00):

BTC: Buy at 10.35, add to long positions at 10.26, target 10.45/10.55; Short at 10.5/10.6, targeting 10.35 level. ETH: Buy at 2460, add to long positions at 2400, target 2500/2560; Short at 2580/2650, targeting 2500 level.

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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