Analyst Chen Shu: June 6 Short-term Surge and Wash, Focus on Pullback Strength, Midnight Market Analysis / Accompanying Trading Strategy

In the midday article analysis, a long position for Bitcoin was suggested around 10.4, and for Ethereum, a long position was suggested at 2580. Bitcoin did not reach the entry point and rebounded, while Ethereum made a small profit of 60 points. Please see the analysis below for how to operate at night.

Market Analysis: The evening market for Bitcoin saw a surge and wash with prices rising and falling sharply. From the current trend, the overall market is still mainly in a range-bound fluctuation, oscillating around 2000 points. On the 4-hour chart, a candlestick with upper and lower shadows has formed. If it cannot close above 10.5, the short-term will maintain a weak oscillation pattern. For Ethereum, the daily chart is currently fluctuating around the MA5/10 moving averages, with resistance still focused on 2670 and support below at 2530. On the 4-hour chart, the short-term support price range is at the MA30/120 moving averages around 2570. Pay attention to the breakdown of this price range.

Trading Strategy (Published at: 23:30):

BTC: Short at 10.54/10.6, target 10.45; Long near 10.2, focus on around 10.4. ETH: Short at 2615/2660, target 2580/2530; Long near 2530/2480, focus on around 2550.

The daily analysis strategy has a very high win rate! Analysis is not easy, and 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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