Analyst Chen Shu: Strong Bullish Trend on July 11, Focus on Trend Continuation, Midday Bitcoin and Ethereum Market Analysis Strategy

From the daily chart of Bitcoin, it shows that the daily line has continuously recorded large bullish candles, breaking through the high point of 117,500. The bullish momentum is strong, and the pullback is limited. The overall market cannot predict the top point. In terms of operations, it is necessary to pay attention to the changes in the intraday trend and flexibly operate short positions. The support level to watch is the peak of 11.2 before last night's rise. If it falls below this level during the day, the short-term one-sided upward trend may end.

From the daily chart of Ethereum, it again recorded a large bullish candle yesterday, with prices strongly breaking through the previous high of 2,880. The next resistance level to watch is 3,070. In the short term, pay attention to whether the price can stabilize above 3,000 USD. If it stabilizes, the bullish trend may continue. The short-term support to watch is the small low point of 2,915, while the resistance level to focus on is the stability around 3,000 USD.

Midday Operation Thoughts (Written at: 13:30):

BTC: Long at 11.5, add to long at 11.3 on pullback, target 11.7/11.8; for short positions, pay attention to the pullback strength during the day.

ETH: Long at 2,920, add to long at 2,850, target 3,000/3,060; short positions follow Bitcoin synchronously.

The daily analysis strategy has a very high win rate! Analysis is not easy, and 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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