Analyst Chen Shu: July 10th Sets New Historical Highs, Focus on Bullish Release; Midday Bitcoin and Ethereum Market Analysis Strategy

From the daily chart, Bitcoin closed with a large bullish candle yesterday, breaking the historical high to the 11.2 level. Today, pay attention to the continuation strength of the bulls and whether there will be another volume increase. The short-term resistance level to watch is the previous high of 11.2, while the support levels are 11.05/110,000/10.9. Before a clear pullback trend emerges, it is recommended to maintain a bullish outlook and focus on short-term directional choices.

From the daily chart, Ethereum also closed with a large bullish candle yesterday, directly breaking the MA256 daily moving average at 2660. The resistance levels above to watch are the previous highs of 2830/2880, while the short-term support is at 2660. If this level holds during any subsequent pullbacks, it will form a strong support through a top-bottom conversion. Currently, the 4-hour chart shows high-level fluctuations with minor pullback strength; watch to see if it continues to test the previous high resistance.

Midday Trading Thoughts (Written at: 13:30):

BTC: Buy at 11.05, add to long at 10.95, target 11.1/11.2; if given the opportunity above 11.2, consider shorting to see a pullback around 2000 points.

ETH: Buy at 2730, add to long at 2670, target 2780/2820; consider shorting at 2820/2860 to see 5-80 points.

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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