Analyst Chen Shu: Don't rush to go long after the 5.29 pullback breaks, midnight market analysis / with trading strategy

Market Analysis: Currently, from the trend perspective, Bitcoin has broken below the daily MA5/10 moving average at 10.85, indicating a short-term downward correction trend. On the hourly chart, it quickly fell below the MA256 daily moving average support. The next support level to watch is the 4-hour MA120 daily moving average at 10.58. Ethereum has once again tested the MA256 daily moving average resistance at 2660 without success. The support below is focused on the MA5/10 daily moving average at 2580, with initial support levels at the 2550-2530 range, paying attention to the strength of the short-term pullback.

Trading Strategy (Published at: 00:20):

BTC: Short at 10.75, add to short on rebound at 10.85, target 10.6/10.55; go long at 10.6/10.5 looking for a rebound of around 2000 points. ETH: Short at 2640, add to short on rebound at 2670, target 2600/2560; go long at 2560/2530 looking for above 2600.

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

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