Analyst Chen Shu: 6.24 News leads to a market rebound, midday analysis strategy for Bitcoin and Ethereum

From the daily chart, Bitcoin closed with a large bullish candle yesterday, with prices approaching the MA30 moving average line at 10.55. The key focus today is whether the rebound can continue and break above 10.55. If it breaks and holds above this line, the short-term will return to a bullish trend. Support is at the MA60 moving average line at 10.35. On the 4-hour chart, the short-term is about to test the MA256 moving average line at 10.56, so pay attention to the breakout situation. Short-term support is at the 1-hour MA256 moving average line at 10.43.

From the daily chart, Ethereum also closed with a large bullish candle yesterday, with prices crossing above the MA60 moving average line at 2400. The short-term resistance levels to watch are at 2450/2540. On the 1-hour chart, the short-term resistance level is at the MA256 moving average line at 2470, which also serves as the resistance level for the 4-hour MA60 moving average. There is further resistance at the 2530/2550 moving averages, so focus on the strength of the rebound today.

Midday trading strategy (written at: 14:00):

BTC: Short at 10.58, add to short at 10.65, target 10.45/10.35; Long at 10.35/10.25, looking for a rebound of around 2000 points.

ETH: Short at 2450, add to short at 2480, target 2400/2360; Long at 2350/2300, looking for 2430.

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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