Analyst Chen Shu: Focus on the breakout direction of the 10.8-10.9 range at 7.9, midday analysis and strategy for Bitcoin and Ethereum

From the daily chart, Bitcoin has been oscillating and adjusting around the MA5/10 moving averages in the short term, with the range being 10.8-10.9. Pay attention to the breakout direction of this range; if it breaks upwards, the target is above 11,000, while a downward breakout would look towards the 10.65/10.6 level. The short-term support to watch is the 1-hour MA256 moving average at the 10.8 level. Let's wait for the breakout direction of this range.

From the daily perspective, Ethereum shows a stronger rebound and is currently above 2600. The upper pressure level is clearly at the MA256 moving average around 2660. Watch whether it can rebound and test the 2660 pressure level again during the day. On the 4-hour chart, there have been multiple attempts to test the 2630 level. If it can maintain above 2600, it will likely test the 2660 high-pressure level in the short term.

Midday trading strategy (written at 13:30):

BTC: Short at 10.86, add to short at 10.95 on rebound, target 10.8/10.75; Long at 10.68/10.6, watch for 10.75/10.85.

ETH: Short at 2630, add to short at 2670 on rebound, target 2600/2560; Long at 2550/2500, looking for a 5-80 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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