Analyst Chen Shu: 8.20 Afternoon Short Position Profits Again, Focus on Rebound Strength at Night, Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: Bitcoin's daily line has currently broken below the daily MA60 moving average at 11.4. If it closes completely below 11.4 subsequently, the pullback will continue to test the support at 11.2. The 4-hour chart shows some rebound, but it still maintains a weak market; for Ethereum, the 4-hour chart currently continues to show a weak pullback. The support below is focused on the MA120 moving average at 4060. If it breaks below 4170, it will quickly test the support at 4060-4000.

Trading Strategy (Published at: 00:30):

BTC: Short at 11.43/11.5, target 11.3/11.2; consider going long near 11.2 for a rebound of around 2000 points. ETH: Short at 4210/4260, target 4060/3950; consider trying long positions at 4060/3950.

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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