Analyst Chen Shu: August 26 Narrow Range Fluctuation Rebound Still Needs to Short, Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: Bitcoin fell again to the low point of 11.05 in the evening and then rebounded. Currently, the 4-hour chart is closing with a red candlestick and is about to rebound to the MA10 daily moving average at 11.3. If it touches this level, consider shorting. The support below is around 110,000. As for Ethereum, it rebounded to the resistance level of 4680 in the evening but encountered resistance and fell back. 4680 was the previous retracement support. If it cannot return above this level, it will form a top-bottom conversion position, and trading should be short.

Trading Strategy (Published at: 00:30):

BTC: Short at 11.28/11.36, target 11.05/110,000; consider a small stop-loss long position around 10.95. ETH: Short at the current price of 4630, add to short at the rebound to 4690, target 4500/4460; consider trying a long position around 4450.

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

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