Analyst Chen Shu: 7.26 Range Fluctuation Adjustment Focus on 11.8 Resistance Level, Midday Bitcoin and Ethereum Market Analysis Strategy

From the daily chart of Bitcoin, yesterday a long lower shadow green candlestick was formed. Although the price has rebounded, it has not yet closed above the MA5/10 day moving average at 11.83. In the short term, we need to pay attention to whether the price can regain this level. On the 4-hour chart, the short-term resistance level is at 11.82, which is also the MA256 day moving average resistance level on the 1-hour chart. If it returns above 11.8, the short-term may strengthen again; otherwise, it will continue to maintain a weak fluctuation adjustment.

From the daily chart of Ethereum, yesterday also formed a long lower shadow red candlestick. The price has currently returned above the MA5 day moving average. In the short term, support is focused on the 3700-3660 support price range. On the 4-hour chart, yesterday's price tested the MA60 day moving average without breaking it, while rebounding above the MA30 day moving average, indicating limited pullback strength. We should pay attention to the fluctuation direction around 3700.

Midday Operation Strategy (Written at: 14:30):

BTC: Short at 11.8, add to short at 11.9, target 11.7/11.62; Long at 11.65/11.5 looking for a rebound of around 2000 points.

ETH: Short at 3750, add to short at 3800, target 3700/3660; Long at 3670/3620 looking for a rebound of 5-80 points.

The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

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