Analyst Chen Shu: 10.17 Strategy Continues to Win, Focus on Effective Support at 10.66, Bitcoin and Ethereum Trend Analysis

From the daily chart of Bitcoin, it has continuously declined, breaking below the previous range's low price zone. The major support below is seen at the daily MA256 moving average at 10.35. Meanwhile, short-term focus should be on the weekly support at the MA30 moving average at 10.66; if it is completely lost, it will turn bearish. On the 4-hour level, the short-term is running down along the MA5/10/30 moving averages, with short-term resistance focusing on the moving average suppression. Before a rebound breaks through, it should be treated as a pullback.

From the daily chart of Ethereum, the K-line has continuously closed in the red, with the price dropping to the MA120 moving average at 3840. During the day, focus on whether this level is lost; if it is lost, it will continue to test downward. Conversely, it will adjust in a range. On the 4-hour level, it has once again broken below the previous low support. If the 3840 support cannot be held, it will continue to decline and test the low support at 3750, which is the MA256 moving average support on the 12-hour level.

Midday Operation Strategy (Written at: 15:00):

BTC: Long at 10.66, add to long on a pullback to 10.55, target 10.8/10.9; for the upper levels of 10.8/10.9, look for a 1-2000 point pullback.

ETH: Short at 3860, add to short on a rebound to 3930, target 3800/3750; for the lower levels of 3750/3700, look for a 6-100 point rebound.

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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