Analyst Chen Shu: 7.23 Short-term Bull-Bear Struggle Focus on Breakout Direction of Key Range, Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: Bitcoin's daily chart shows that the intraday price is oscillating around the MA5/10 moving averages. In the short term, pay attention to whether the price will break below this line and continue to pull back. The 4-hour chart indicates that the short-term concentrated trading area is around 11.84, so watch for gains or losses at this line. The overall oscillation range is 11.95-11.65. For Ethereum, the upward momentum is starting to slow down, with the price oscillating around the 3700 level. Short-term support is focused on the daily MA5 moving average at 3680 and the 4-hour MA30 moving average at 3670. If the price breaks below the 3670-3650 range, it may lead to a slight pullback correction.

Trading Strategy (Published at: 00:30):

BTC: Short at 11.9/12, target 11.8/11.7; Long at 11.66/11.58, looking for a 2-3000 point rebound. ETH: Short at 3730/3780, target 3680/3650; Try a short-term long near 3650.

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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