Analyst Chen Shu: Short-term pullback on July 15, focus on the strength of the continuous pullback, midnight market analysis / accompanying trading strategy
Market Analysis: Bitcoin's daily chart currently shows a small upper shadow red candlestick. The daily support to watch is the MA5 moving average at 11.85. As long as this level is not broken during the pullback, the short-term bullish trend will not directly end. On the 4-hour chart, the short-term is about to pull back to the MA10 moving average at 11.95, so first pay attention to the outcome at this position. For Ethereum, although it has reached a short-term high of around 3080, it is currently showing a pullback. First, focus on the support and loss at the 4-hour MA10 moving average at 3000. If it breaks below, the short-term may continue to adjust and test the levels of 2970/2930.
Trading Strategy (Published at: 23:30):
BTC: Buy at 11.96, add to long position at 11.85 on pullback, target 12.05/12.1, short at 12.2/12.3 looking for a pullback of around 2-3000 points. ETH: Buy at 3000, add to long position at 2960 on pullback, target 3050/3080, short position synchronized with Bitcoin.
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 comments below; I will reply to each one!
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