Analyst Chen Shu: Short-term pullback on 8.15, focus on the support at 11.75 below, midnight market analysis / accompanying trading strategy

Market Analysis: Bitcoin has seen a significant pullback after a daily high, currently falling to the daily MA30 moving average support at 11.75. Pay attention to the outcome of this support level; if it is lost, the pullback will continue to test the 4-hour MA256 moving average at 11.6. For Ethereum, the daily chart is currently showing a long lower shadow as it pulls back to the MA5 moving average. Focus on the support level at 4500; if it is lost, the next target is 4200, with a key focus on the strength of the subsequent pullback.

Trading Strategy (Published at 23:30):

BTC: Long at 11.75/11.6, target at 11.85/11.9; temporarily hold off on short positions. ETH: Long at 44000/43300, target at 4500/4550.

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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