Analyst Chen Shu: 8.28 Yesterday's Short Position Profit, Focus on 11.35, Bitcoin and Ethereum Market Analysis

From the daily chart of Bitcoin, the short-term price has stopped falling above the MA120-day moving average. It is currently rebounding to around the daily MA10-day moving average at 11.3. Pay attention to whether the price can break through and stabilize above 11.3. If it stabilizes, the next target is the MA30-day moving average at 11.55. On the hourly level, the short-term resistance is at the MA256-day moving average at 11.35. Watch for whether the price can break through and stabilize above this level; if it breaks through, abandon the short-term short position strategy.

From the daily chart of Ethereum, the price is currently oscillating between the MA5 and MA10-day moving averages. Pay attention to whether it can break above this level and return to a bullish trend. On the hourly level, it is clear that the price has been oscillating between the MA256-day moving average and the MA120-day moving average, specifically in the range of 4630-4480. Focus on the breakout direction of this range in the short term.

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

BTC: Short at 11.35, add to short at 11.45 on rebound, target 11.25/11.15; below 11.22/11.15, small stop loss, attempt to go long and look for 11.4 nearby.

ETH: Short at 4630, add to short at 4680 on rebound, target 4500/4470; below 4470/4400, small stop loss, attempt to go long.

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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