Analyst Chen Shu: Short-term pullback on August 1, focus on the gains and losses at 11.82, midnight market analysis / accompanying trading strategy

Market Analysis: Bitcoin's daily chart is currently oscillating around the MA5/10-day moving averages, paying attention to the gains and losses at 11.82. If it cannot return above this line, it may short-term pull back to the MA30-day moving average at 11.58. For Ethereum, it has once again pulled back to the daily MA10 moving average at 3760, so we need to watch for any loss of this level. The short-term support to focus on is the 1-hour MA256 moving average at 3750.

Trading Strategy (Published at 23:30):

BTC: Short at 11.82/11.9, target 11.75/11.65; buy at 11.55 looking for a rebound of 2-3000 points. ETH: Short at 3800/3850, target 3750/3700; buy at 3660/3600 looking for a rebound of 60-100 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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