Analyst Chen Shu: 8.26 Short Strategy Profit Day Focus on 10.96 Breakdown Situation, Bitcoin and Ethereum Market Analysis

From the daily chart, Bitcoin has seen three consecutive daily declines, touching the MA120-day moving average support at 10.96. Pay attention to the breakdown of this level during the day; if it breaks, it will continue to decline in the short term, with support below at 10.55. If you want to operate long in the short term, you need to wait for the price to stabilize above 11.00/11.12 before considering going long for a rebound. Given the current persistently low prices, it is still advisable to treat it as a rebound to short.

From the daily chart, Ethereum closed with a large bearish candlestick yesterday, directly breaking below the MA10-day moving average. The short-term support level is at 4250, along with the MA30-day moving average at 4150. Looking at the 4-hour chart, it has temporarily stopped falling after dropping to the MA120-day moving average. Pay attention to the breakdown of 4350 in the short term; if it breaks, it will accelerate the decline to the 4250/4150 range. The short-term resistance level to watch is the MA256-day moving average at 4450 on the 1-hour chart.

Afternoon Trading Strategy (Written at: 14:30):

BTC: Short at 11.1, add to short on rebound at 11.18, target 10.8/10.7, reduce position if it breaks down to 10.55; near 10.55, small stop loss to try going long.

ETH: Small short at 4450, add to short on rebound at 4520/4580, target 4350/4300, reduce position if it breaks down to 4250/4150; near 4250/4150, small stop loss to try going long.

The daily analysis strategy has a very high win rate! Analysis is not easy, and 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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